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A July market report says U.S. milk production rose only 0.6% in April, 0.8% in May and 1.3% in June, below normal growth. The author argues weakening domestic dairy demand, despite low unemployment and 4.1% GDP growth, is a bigger longer-term problem than tariffs.
Softening domestic dairy demand combined with modest supply growth points to weaker dairy prices, which affects dairy-based feed and dairy cow feed demand.
jacoby.comJul 31, 2018Not enough comparable past events yet for a historical read.
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.
