date:Dec 29, 2015
ies gradually eroded as the first half of 2016 progresses, with stocks approaching normal by around mid-year.
[Upward] pricing pressure will still build over our forecast period, but we have delayed the timing of the recovery, and envisage a somewhat weaker trajectory than we did a few months prior.
US Department of Agriculture
Global dairy markets continue to struggle in the face of weak import demand and excess supplies.
For 2016, low milk prices are expected to restrain growth in milk out