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Rabobank analysts expect milk production growth in major exporting regions to slow to under 0.5 percent in the first half of 2019, which should lift prices somewhat. They forecast at most a $1 per hundredweight rise in the 2019 Class III average to $15.55, while citing Brexit, South American instability and US trade wars as risks.
Slowing milk supply growth and a China import rebound point to a modest recovery in dairy prices, but trade uncertainty limits the upside for dairy demand.
capitalpress.comCAROL RYAN DUMASCapital PressJan 4, 2019After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
