Falling milk prices are "near certain and a collapse quite likely, given global inventories," as dairy products have piled up in warehouses unsold, analysts Jonathan P. Feeney and Mark E. Williams write today in a report to clients of their Berwyn-based firm, Athlos Research.
Indicators such as the GlobalDairyTrade price index, down 30% since June, and USDA milk demand, off 2% in August, the first drop since early 2013, are "screaming, 'lower prices,'" the Athlos report added.
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