Loading…
More than 43 million gallons of milk were dumped, lost or discarded by US dairy producers and handlers in the first eight months of 2016, according to a Wall Street Journal analysis of USDA data. This is the largest volume in at least 16 years.
Industry groups are seeking new uses, including dairy ingredients in fast-food menus.
Surplus milk that is being discarded signals oversupply and weak prices. Farmers keep producing because low prices have not yet cut output.
csmonitor.comDavid IaconangeloOct 14, 2016After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
