
Combined milk output from the largest dairy exporters (New Zealand, EU, US, Argentina, Australia) fell below prior-year levels from September 2021 and had not recovered by mid-2022, with first-half output about 1.1% lower. Environmental rules in Europe and New Zealand are capping herds, Australian drought has shrunk the herd, and South American inflation and currency volatility are curbing investment.
US producers face high feed and hay costs, with Central Valley hay near $450 per ton.
A prolonged global milk shortfall with slow supply response keeps dairy supplies tight and supports milk prices. Higher feed and hay costs also squeeze producer margins, which can further limit output.
Na 32 eerdere opwaarts weer-gebeurtenissen bewoog Melk (Class III) zich mediaan +0,1% over 5 sessies (50% hoger; middelste helft -0,7% tot +3,4%), en +3,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.