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Dairy prices have rebounded sharply since late April, with May Class III futures now near $12.30/cwt and June and July contracts in the $17s. Cheese, butter and nonfat dry milk cash prices all rose sharply in May.
A sharp recovery in dairy prices is bullish for milk and supports dairy-linked feed demand, though economists warn the rally may not hold given restaurant losses.
capitalpress.comCAROL RYAN DUMASCapital PressMay 25, 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.
Notes sharp rebound in cheese, butter and NDM cash prices and June/July futures in the $17s, supporting the price climb.
Notes the sharp rebound in cheese, butter and NDM cash prices and Class III futures from late April, showing the momentum that fed into the jump.
