California Up for First Time in Nearly Two Years
Barring any changes in trade law, Mexico will remain a robust market for U.S. dairy products.
Analysts spent early November warning a Trump victory in the U.S. presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it made a December increase a near certainty.
But the PPD in the western corn belt jumped 60 cents, softening the blow to pocketbooks.
Longer term, trade and labor agreements will be key to market stability.