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Risk management specialist Mike North says nearby dairy prices gained roughly $1.25 in the first days of January. Strength in global markets, a cheese move above $2.00 and seasonal buying and strong exports drove the gains.
He also says a USMCA panel ruling favoring the US could help if more US dairy enters Canada.
Higher nearby dairy prices supported by export demand and government buying lift milk values, though a seasonal drop in cheese demand in early 2022 could limit further gains.
brownfieldagnews.comLarry LeeJan 5, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports nearby dairy prices up about $1.25 in early January, with cheese above $2.00 and strong exports and global markets, directly describing the Class III rally.
Reports nearby dairy prices gained about $1.25 in early January on global strength, cheese above $2.00, seasonal buying and exports, directly explaining the window's rally.
