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Class III futures swung $2.89 between January 4 and January 7, which analysts link largely to the announcement of a fifth Food Box round. Economists describe 2020 as the most volatile year on record for milk prices, with a $12.40 spread between low and high.
Government buying programs are driving sharp swings in dairy futures, which raises pricing risk for feed buyers and dairy producers. Weaker domestic cheese consumption offsets some of the program's support.
dairyherd.comAgDay TVJan 19, 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.
