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Mark & Bob: Naughty or nice?

Is the 2015 milk price forecast naughty or nice? Mark Stephenson, director of Dairy Policy Analysis at the University of Wisconsin-Madison, and Bob Cropp, dairy economics professor emeritus, share insights into what’s on their list of factors when projecting their dairy forecasts.

Markets

Dairy markets: Digesting USDA’s Milk Production report

Class III and cheese futures continued to rally last Friday ahead of November’s USDA Milk Production report, as trader’s positioned themselves ahead of the report and the Christmas holiday. The milk production numbers fell short of expectations, up 3.4% nationally.

Markets

Dairy markets: Milk Production report released today

USDA will release November’s milk production figures this afternoon. Generally, anything north of a 5.0% increase will be perceived as bearish, while a percentage increase of less than 4.0% – while not bullish per se – will be seen as less than expected, and therefore bullish versus expectations.

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