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Corn futures traded above $7.00 in early May for the first time since 2013, lifting dairy futures and possibly spot prices. The article explains that feed costs take one to six months to reach dairy rations and tend to lift deferred dairy contracts.
Higher corn costs feed into dairy rations with a lag, supporting deferred milk futures while slowing future milk output growth.
dairyfoods.comNate DonnayJun 11, 2021Not enough comparable past events yet for a historical read.
Not 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.
