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US dairy markets in May and June experienced sharp swings, with the all-milk price hitting a near 11-year low in May before rebounding. Cheese block prices hit record highs in June and July, while milk production cuts and government food purchases tightened supply.
Dairy exports rose, with May shipments at a record share of milk solids production.
Rapid tightening from production cuts and government purchases lifts dairy prices and supports demand for dairy-linked feed inputs, though the rally's durability remains uncertain.
eu.wisfarmer.comJul 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.
