# Now is the time to think differently - Farm and Dairy

> Ohio farm commentary notes that agricultural prices fell after the pandemic reached the US. Class III and IV milk futures were down more than 33% since the first US coronavirus case, and some farms were asked to dump milk. Nearby milk futures were trading under $11.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5179-now-is-the-time-to-think-differently-farm-and-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The futures decline reflects weak dairy demand and a surplus that is pressuring farm margins. Producers facing lower milk revenue may cut feed purchases.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-04-30 | 5 | -14.9% | -5.6 | Nearby milk futures were trading under $11, more than 33% below pre-pandemic levels, which confirms the steep slide. |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/columns/now-is-the-time-to-think-differently/610522.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.