Loading…
Dairy markets are rising as reined-in milk supply meets firm demand from pizza sales, retail, and government food box purchases. USDA's food box program has delivered 18.5 million boxes, and CFAP dairy payments reached $895 million by June 22.
Analysts disagree on whether the rally will last, with some expecting milk expansion by fall.
Government purchases and constrained supply are supporting milk prices now, but expected herd expansion and fading program demand could weigh on prices later in the year.
agmoos.comAgmoosJun 23, 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.
