Loading…
The USDA's December dairy report says US dairy exports rose in August to October, with butter exports up nearly 50% year on year. Nonfat dry milk and dry whey prices have risen, lifting US producer milk prices from their May low, although the all-milk price fell 70 cents from September to October.
Stronger export demand for butter and ingredients supports US milk prices, though the October dip shows domestic butter and cheese prices remain volatile.
agnetwest.comDanDec 27, 2016After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.
