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Pennsylvania dairy risk adviser Alan Zepp said projected milk prices and insurable margins are weak. EU intervention stocks of milk powder continue to overhang the market while world milk output keeps growing.
Heavy EU powder stocks and rising global milk output keep downward pressure on world dairy prices, which weighs on U.S. milk values.
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.