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Rabobank's quarterly dairy report says global oversupply of milk and heavy dairy product stocks have pushed farm-gate milk prices lower by as much as 15 percent since January. Markets are not expected to rebalance until the second half of 2018.
Excess milk supply and high NFDM and cheese stocks keep downward pressure on dairy prices, which weighs on feed demand from dairy herds and on byproduct values.
capitalpress.comCarol Ryan DumasApr 12, 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.
