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Dairy Farmers of America's risk management head says Northeast milk production is up about 3% while foodservice demand has dropped significantly during COVID-19 restrictions. Supermarket sales have risen but have not offset the losses, and he expects demand to recover by summer as vaccines roll out.
A regional mismatch of rising output and weak foodservice demand pressures Northeast milk prices in the near term, though a demand recovery later in 2021 could support them.
northeastalliance.comBrittany JenksJan 28, 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.
