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The FCC's October 2020 dairy outlook says prices have trended up as butterfat and protein yields recover from summer lows. Demand is nearing pre-pandemic levels and Canadian farm revenue forecasts for 2020 were revised.
Improving dairy prices and recovering demand support herd economics and feed purchasing. The effect on feed grain prices is modest.
fcc-fac.caOct 20, 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.
