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Dairy cooperatives are dumping milk as prices fall to their lowest in nearly four years amid an oversupply. Grocery retail buying has not offset the loss of foodservice demand, and cows are entering their most productive season.
Continued dumping and seasonal production growth point to further downward pressure on milk prices and dairy-sector feed demand.
bloomberg.comLydia MulvanyMay 1, 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.
