# Dairy industry sees sales skyrocket, prices tank - The Business Journal

> The US relief package reportedly includes about $24 billion for farmers, including $14 billion to replenish the Commodity Credit Corporation and a $9.5 billion emergency fund for producers including dairy farmers. The Mexican peso fell from about 18.5 to near 23.5 per dollar, making US exports to Mexico more expensive.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/54274-dairy-industry-sees-sales-skyrocket-prices-tank-the-business-journal
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The peso slump hurts demand from Mexico, the largest US dairy export market, while government payments support farm income without lifting prices directly.

## Read by commodity

- MILK: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-31 | [Mielke: Dairy prices hemorrhaging \| Capital Press](https://feedsoft.ai/events/4155-mielke-dairy-prices-hemorrhaging-capital-press.md) | -14.4% | -18.8% |
| MILK | 2020-04-01 | [What is behind the sharp drops in farmgate prices? \| AHDB](https://feedsoft.ai/events/4161-what-is-behind-the-sharp-drops-in-farmgate-prices-ahdb.md) | -13.4% | -28.2% |
| MILK | 2020-04-28 | [COVID-19 continues to hammer dairy prices](https://feedsoft.ai/events/5177-covid-19-continues-to-hammer-dairy-prices.md) | -12.8% | -7.6% |
| MILK | 2020-04-24 | [Idaho dairymen dump milk as demand, prices fall \| Capital Press](https://feedsoft.ai/events/6502-idaho-dairymen-dump-milk-as-demand-prices-fall-capital-press.md) | -13.8% | -7.5% |
| MILK | 2018-07-14 | [Dairy farms weather long stretch of low milk prices \| AP News](https://feedsoft.ai/events/64182-dairy-farms-weather-long-stretch-of-low-milk-prices-ap-news.md) | -0.6% | +5.4% |

## Sources

- thebusinessjournal.com: https://thebusinessjournal.com/dairy-industry-sees-sales-skyrocket-prices-tank/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.