Loading…
Dairy futures fell sharply in early March as COVID-19 fears spread through global markets. Class III contracts settled 30 to 60 cents lower, and Class IV losses were larger.
USDA cold storage data showed January 31 butter stocks 14.9% above last year, the largest January level on record.
Heavy butter inventories and falling futures point to weaker dairy prices and softer demand for dairy-based feed ingredients.
blogs.extension.iastate.edunwiadairyoutlookMar 3, 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.
