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The IFCN Dairy Report 2018 estimates the global average cost to produce 100 kg of milk at about US$40.20, nearly $2 higher than last year, mainly due to dollar devaluation. It expects the world milk price to stabilize in 2019.
Rising production costs and a stabilizing world milk price suggest a firmer dairy backdrop, with costs passing through to feed purchasing decisions.
dairyglobal.netIfcnNov 22, 2018After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
