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US cheese consumption rose by the largest amount since 2000, and butter demand also advanced, while fluid milk consumption has fallen for six straight years. Despite a record US cow herd, the dairy industry is getting a boost from higher-fat product demand.
Stronger cheese and butter demand helps lift slumping milk prices, supporting dairy-based feed ingredient values even as fluid milk use declines.
gazette.comBloomberg NewsFeb 11, 2017After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% 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.
