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Egg Insights' Forecast Update Live for November 2024 says its dairy forecast is dramatically lower across most commodities. The analysts attribute the cut to faster-than-expected milk supply growth.
The segment includes a bull and bear debate on the outlook for 2025.
A forecast of faster milk supply growth points to weaker dairy product and milk prices ahead, which affects feed demand from dairy herds.
Not 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.