Energy in farming and Milk & dairy

Their prices have moved together.

Energy in farming (energy) and Milk & dairy (commodity): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Moderate · Both ways

Diesel for feed production and power for milking and cooling are dairy costs. The diesel proxy correlates with milk at 0.36 for monthly moves and 0.55 for yearly moves, the strongest link here and partly a shared US inflation cycle.

• 0.36 monthly change correlation
• 0.55 12-month change correlation
• 0.34 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.