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US dairy exports rose in late 2016, with nonfat dry milk and skim milk powder up 8% for the year. Economist Bob Cropp expects the 2017 Class III milk price to average $2.30 more than in 2016.
Strong export demand for powders and forecast firmer milk prices support dairy product values despite high stocks.
farmprogress.comFran O'LearyMar 6, 2017After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
