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An analyst says milk prices are not strong enough for profit but not weak enough to prompt major operational changes. US dairy exports are running 18 percent above a year earlier, and domestic demand remains solid.
Year-to-date milk production is up 1.3 percent, and cow numbers are stable with milk per cow up nearly 1 percent.
Rising output against stable demand keeps supplies ample and limits price upside. Strong exports provide some offsetting support for milk prices.
agriculture.comBryan DohertySep 7, 2018Not 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.
