Politics, poor export pace and major harvest progress have been the main factors in recent trade. A failure to push to new levels after breaching technical resistance has played a role, as well, as values moved lower before some strength returned.

Matt Gould, analyst and editor of the Dairy and Food Market Analyst newsletter, said in the Nov. 5 Dairy Radio Now broadcast that while 2018 is the fourth year in a row of poor farm-level milk prices, there are some positives — strong domestic demand for cheese and butter, plus global dairy …

Strong gains in milk per cow kept U.S. milk output above that of a year ago for the 58th consecutive month. Preliminary September data in the top 23 producing states shows output at 16.4 billion pounds, up 1.5 percent from September 2017. The 50-state total, at a slightly bullish 17.38 billi…