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A University of Missouri economist says milk price volatility will persist into 2022 because milk supply and demand are both becoming less responsive to price. Supply tends to expand quickly when profitable but rarely contracts when unprofitable.
Expected persistent volatility makes forward milk price hedging more important for buyers and producers, with no clear directional price signal.
hoards.comOct 13, 2021Not 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.
