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Dairy prices have rebounded sharply after collapsing in March and April, driven by a retail run on cheese and butter. Barrel cheddar was up 40% year on year on June 5 and butter had recovered to near year-earlier levels.
The rapid recovery in cheese and butter prices supports dairy values, but analysts expect continued volatility while COVID-19 disrupts consumer demand and supply chains.
farmprogress.comChris TorresJun 15, 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.
