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Former AFBF chief economist Roger Cryan argues that the pandemic reshaped consumer demand toward food and goods for the home, leaving manufacturing and transportation struggling to catch up. He suggests that conventional forecasting models are unreliable for dairy markets in 2022.
The column frames high milk prices as unlikely to look as strong as in past years.
If demand shifts and supply-chain bottlenecks persist, dairy and feed costs may stay elevated while milk price strength fades. Buyers should expect less upside in milk prices than recent highs suggest.
fb.orgRoger CryanJan 24, 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.
