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McKeany-Flavell reports that dairy prices surged to multi-year highs in late 2021, with Class IV near $25 per cwt and whey up 50% in Q4. Cheese peaked near $2.15 per lb before profit-taking pushed it back below $2.00.
The firm questions whether these levels are sustainable, since they should encourage herd growth.
Expectations of rising herd size and milk output could eventually ease the supply tightness behind current dairy prices. Feed buyers should watch for a cooling in dairy-product demand for ingredients.
mckeany-flavell.comPeter ChurchJan 25, 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.
