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U.S. dairy farmers saw milk prices fall over the last month while margins held steady because feed prices dropped sharply on strong crop conditions and Chinese soybean tariffs. Milk production growth has slowed in the U.S. and Europe, and cow numbers remain historically high.
Falling feed prices are offsetting weaker milk prices for dairy producers, and strong US crop conditions point to large corn and soybean supplies.
cmegroup.comauthors/the-mccully-groupJul 20, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
