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Class III milk prices moved sharply higher, and the CME widened its expanded price limits before Memorial Day due to volatility. An adviser said prices were back at pre-COVID levels and near contract highs for some producers.
The article urges dairy farmers to consider risk management.
Class III recovery to pre-pandemic levels improves dairy producer margins and may support feed buying. Volatility signals uncertain near-term direction, so buyers should price forward cautiously.
rrfn.comCarah HartMay 22, 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.
Class III moved sharply higher with CME widening limits due to volatility, indicating speculative and short-covering dynamics amplifying the rally.
