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KDM reports milk production dropping through the heat, with cow numbers holding as farmers keep cows longer for higher Class III and IV prices. Bird flu is slowing herd recovery, with some farms taking longer than expected to return to full output.
Tighter milk supply from heat and avian flu supports dairy product prices heading into fall, raising the cost of dairy inputs for feed buyers.
kdmtrading.comkdmadminJul 28, 2024After 22 past bullish disease events, Milk (Class III) moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% 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.
Heat-driven production declines and bird flu slowing herd recovery tighten milk supply, supporting Class III futures.
