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A Highground dairy analyst expects the strong 2020 dairy rally to fade by year-end, noting that Class III milk has been above $20 for the first time in about six years. She says foodservice demand remains around 20% lower and global demand will weaken in the second half as inventories build.
She recommends farmers lock in prices through the Dairy Revenue Protection program.
A forecast of weaker second-half demand and expected production growth in the fall points to downside risk for milk prices after the current rally.
brownfieldagnews.comNicole HeslipJun 24, 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.
