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Fluid milk demand at US retail outlets surged after the COVID-19 outbreak, leaving empty grocery shelves. Some cheese makers diverted milk to fluid processors, and schools closing created supply chain issues for some processors who are now seeking outlets for bulk raw milk.
Stronger retail fluid demand supports some milk prices, but school closures leave surplus bulk milk that could weigh on manufacturing-grade prices.
farmanddairy.comRachel WagonerMar 25, 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.
