# The global dairy market has bottomed; better times are coming - Progressive Dairy | Ag Proud

> 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.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73868-the-global-dairy-market-has-bottomed-better-times-are-coming-progressive-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bullish ▲

## Sources

- agproud.com: https://www.agproud.com/articles/19229-the-global-dairy-market-has-bottomed-better-times-are-coming

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.