Loading…
A DMI/NMPF report outlines how COVID-19 hit US dairy prices in waves, with a collapse in futures in March and a cash market meltdown in April. Cash and futures markets rebounded strongly by mid-May, especially for second-half futures.
The rebound in futures improves the outlook for milk prices, though farm milk checks through July still reflect the earlier collapse, and herd expansion remains a supply risk.
californiadairymagazine.comMalcolm MediaJun 1, 2020After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
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.
