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Southeast US dairy producers enter 2021 pessimistic, according to Southeast Milk Inc. The cooperative blames high market balancing costs and the Class I pricing mechanism introduced in 2019. Analysts expect lower milk prices alongside climbing energy and feed costs, which will squeeze producer margins.
Expected lower regional milk prices combined with higher feed costs may push some Southeast farms out of production, reducing regional demand for feed.
agproud.comDave NatzkeMar 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.
