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A University of Missouri economist writes that the dairy industry faces a tight balance between milk supply and product demand, causing volatile milk prices. He argues that both supply and demand have become more inelastic, amplifying swings.
Volatile milk prices make dairy herd and feed purchasing decisions less predictable. The article is general commentary with no new price driver.
hoards.comScott Brown, University of MissouriMar 18, 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.
