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Some Pennsylvania and New York dairy farmers are dumping milk because processors lack capacity to handle the excess, even as some grocery stores ration purchases. Plants that serve grocery channels are at maximum capacity while foodservice demand has collapsed.
Farmers cannot store raw milk for long.
Processing bottlenecks combined with lost foodservice demand create a supply glut that depresses farm-gate milk prices across the US.
whyy.orgAlan YuApr 7, 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.
