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USDA reports that Lithuanian milk deliveries will fall 1% in 2016 after the Russian ban and weaker export demand cut farm-gate prices and cow numbers. Lithuania is shifting more output into butter and cheese and placed 33,665 MT of nonfat dry milk into EU intervention stocks.
Reduced Lithuanian milk output and EU intervention stock purchases tighten European dairy supply, modestly supporting dairy prices.
fas.usda.govNov 17, 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.
