Loading…
The International Farm Comparison Network says the world milk price cycle that started in 2013 has ended, with prices up 63% since May 2016. Its May 2017 world milk price indicator was US$35.8 per 100 kg ECM, slightly below the long-term average of US$38.
Milk supply responses and high fat prices are now driving oscillation.
Prices are near long-run averages, so the sharp upswing is likely over and volatility should moderate. Feed buyers can expect a steadier dairy price backdrop.
dairyindustries.comJun 15, 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.
