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Dairy checkoff leaders describe how DMI and the US Dairy Export Council are working with supply-chain partners to redirect milk and dairy products to end users. Class III prices have dropped 26% and Class IV 36% in recent days.
Foodservice takes about 60% of butter and 40-50% of cheese use, and school closures remove around 7% of fluid milk use.
Efforts to reconnect supply chains may ease some surplus, but the loss of foodservice and school demand keeps milk prices depressed in the near term.
agriculture.comMark MooreApr 12, 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.
