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Analysts say three factors will determine whether US milk prices recover through the rest of 2018. They cite slow northern hemisphere production growth, with July output up just 0.4% year on year, a shrinking dairy herd, and below-trend output per cow.
Trade disputes had earlier clouded the recovery outlook.
A shrinking herd and slow output growth point to firmer milk prices into 2019, supporting dairy margins and demand for feed.
wisfarmer.comMike OppermanAug 27, 2018After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% 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.
