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Dairy Margin Coverage made no payout for the first time in 12 months as the All-Milk price climbed to $21.80. Class IV futures averaged $22.40 per cwt for February to December, and Fonterra raised its New Zealand milk price midpoint to NZ$9.20.
Higher milk and dairy futures prices reduce the margin pressure on dairy farms. This suggests sustained demand for dairy feed as producers can afford to maintain rations.
hoards.comCorey GeigerFeb 9, 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.
