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Mark Stephenson of the University of Wisconsin said the 2018 dairy outlook is grim, with prices expected to fall in the first quarter before rebounding in the second half. He pointed to weaker exports since 2015 and continued high milk production as factors keeping prices low.
Expected weak milk prices and continued oversupply point to reduced dairy farm spending on feed in the near term. Export recovery is the main factor that could lift prices.
troyrecord.comPaul Post on Twitte, Paul Post Special, Paul PostJan 10, 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.
