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Dairy demand has slowed as the retail buying surge faded, and foodservice channels and exports remain constrained. Class III futures have lost 15-30% since January 31 and Class IV contracts have lost about one-third of their value.
Butter output is rising and cream prices are historically cheap.
Excess butter, cream and cheese production with weak demand keeps dairy product and milk prices under pressure, weighing on the milk price outlook for producers buying feed.
en.edairynews.comDamián MoraisApr 20, 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.
