Milk & dairy and Soybeans

Their prices have moved together.

Milk & dairy (commodity) and Soybeans (commodity): 1 relationship.

How they are linked

1. Price link: feed cost

Cost and price · Moderate · Both ways

Soybean meal is the protein feed for dairy cows. Monthly moves correlate at 0.04 and yearly moves at 0.41, as feed cost changes take months to change herd size and milk output.

• 0.04 monthly change correlation
• 0.41 12-month change correlation
• 0.48 fitted elasticity

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