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The Irish Farmers' Association is lobbying dairy co-op boards to hold the March milk price, citing a ninth consecutive GDT rise and an index up 27.2% since November. It notes that European milk purchasers have held their March prices.
The IFA also cites EU dairy returns of about 36c/l before processing costs.
Pressure to hold milk prices reflects firming global dairy markets and tight European supply. The effect on feed markets is modest.
ifa.ieApr 2, 2019Not 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.
