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Rabobank senior dairy analyst Michael Harvey said growth in global milk supply is weighing on global dairy commodity prices. Milk supply peaked in the last quarter of 2017 with the Oceania spring flush.
Excess global milk supply pressures dairy commodity prices and reduces demand for dairy-linked feed and ingredients. Lower milk prices can also curb herd expansion over time.
farmingahead.com.auKristy MoroneyJan 8, 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.
Rabobank commentary on global oversupply weighing on dairy commodity prices adds to bearish sentiment.
