# Today’s Dairy Difficulties to Reverberate for Several Months, NMPF’s Vitaliano Says - NMPF

> NMPF chief economist Peter Vitaliano said futures markets may overstate the coronavirus price drop, but producers will feel lower milk checks over the next several months. Forecasts point to a price trough in May and June. NMPF proposed USDA dairy purchases, compensation for milk disposal and reopened DMC signup.

- Date: 2020-04-02 · published 2020-04-02T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/4160-today-s-dairy-difficulties-to-reverberate-for-several-months-nmpf-s-vitaliano
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lagged pass-through of lower prices into farm milk checks means weak milk prices will persist through the spring.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-04-06 | 5 | -14.4% | -5.9 | Expectation of lower milk checks and a May-June price trough reinforced bearish sentiment during the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-31 | [Milk-Price Drops to Cost Dairy Billions in Lost Revenue as Coronavirus Bites - NMPF](https://feedsoft.ai/events/4157-milk-price-drops-to-cost-dairy-billions-in-lost-revenue-as-coronavirus-bites.md) | -14.4% | -18.8% |
| MILK | 2026-04-27 | [Market, pricing changes force dairy producers to adapt \| Agriculture \| nwestiowa.com](https://feedsoft.ai/events/19878-market-pricing-changes-force-dairy-producers-to-adapt-agriculture-nwestiowa-com.md) | +1.4% | +0.5% |
| MILK | 2023-01-09 | [Falling Prices, Rising Opportunities on Tap for 2023 - NMPF](https://feedsoft.ai/events/37780-falling-prices-rising-opportunities-on-tap-for-2023-nmpf.md) | +0.8% | -7.6% |
| MILK | 2022-07-07 | [What Do Recent Falling Feed Prices Mean For Dairy Producers? - EDairy News English](https://feedsoft.ai/events/8551-what-do-recent-falling-feed-prices-mean-for-dairy-producers-edairy-news-english.md) | +1.5% | -10.0% |
| MILK | 2023-03-17 | [As commodity prices slide, dairies brace for collapsing farmgate milk prices](https://feedsoft.ai/events/36864-as-commodity-prices-slide-dairies-brace-for-collapsing-farmgate-milk-prices.md) | +0.6% | +3.4% |

## Sources

- nmpf.org: https://www.nmpf.org/todays-dairy-difficulties-to-reverberate-for-several-months-nmpfs-vitaliano-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.