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The National Milk Producers Federation reports that US milk and dairy prices have reached their highest levels in nearly five years. Key drivers include a shrinking US dairy herd, higher per-cow output, stronger domestic demand, and the liquidation of EU skim milk powder stocks.
Tighter US milk supply and firm prices support dairy values, while weaker dry whey and China-related export losses limit the upside.
agnetwest.comDanDec 6, 2019After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
