Milk Rallying as New Zealand-to-U.S. Weather Sours

Milk Rallying as New Zealand-to-U.S. Weather Sours

Brendon O'Hagan/Bloomberg

Milk tumbled 33 percent in the eight months to April 18 as New Zealand’s production was boosted by abundant rain that gave cattle more to eat and U.S. yields reached a record after an unusually mild winter.