Loading…
A dairy analyst says the global dairy market cycle has bottomed, with milk supply falling below year-ago levels in major regions outside the U.S. Argentina's industry shrank about 20% and Australian output is down double digits. Modest milk price improvement is expected over the next 12 months, with a slow recovery.
Falling milk supply in key exporting regions supports dairy prices and may firm demand for dairy-based feed ingredients. The recovery is expected to be gradual.
agproud.comMatthew GouldNov 23, 2016Not 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.
