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Analysts expect the US to add about 4 billion pounds of cheese processing capacity in 2021, including a $470 million Glanbia plant in Michigan. The new capacity is expected to reach full output by spring and could absorb all of next year's milk growth.
Added cheese capacity increases supply of dairy products and could push Class III prices lower relative to Class IV, narrowing the spread that has driven recent milk market moves.
hoards.comMaggie Gilles, Kansas dairy farmerDec 17, 2020Not 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.
