Loading…
An economist reports that combined milk output in major exporting regions turned year-on-year positive in spring 2017, with US milk per cow and herd size both rising. European milk prices were 30% higher in Q3 2017 than a year earlier and are expected to rise 40% in Q4.
Expanding global milk supply capped by strong European prices signals a balanced to softer dairy complex. Growing supply weighs on dairy product prices and reduces support for dairy feed demand.
hoards.comMary LedmanOct 10, 2017Not 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.
