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Dairy prices came under pressure as schools closed and restaurant traffic fell during the COVID-19 outbreak. A dairy broker said retail cheese and butter sales were rising, but future demand was uncertain.
Foodservice and school demand losses weigh on dairy product prices, while stronger retail buying partly offsets the decline.
hoards.comInterPuls acquires ADFMar 13, 2020After 49 past bearish macro events, MILK moved a median -0.6% over 5 sessions (33% higher; middle half -8.5% to +0.6%), and -7.5% over 20.
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.
