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University of Wisconsin economist Robert Cropp said dairy volatility will persist into 2021 and that food service remains about half of cheese and butter demand. He expects 2020's average milk price to land around $17 to $18 per cwt, better than feared in May.
Food service weakness keeps demand uncertain, so milk prices are likely to stay volatile into 2021.
pnwag.netGlenn VaagenSep 22, 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.
