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Vault Ag's Brian Rice says U.S. milk prices are on firm footing through year-end, with cheese above $2 per pound while Europe trades near $1.60. He warns that January price and contract resets could cut export demand for U.S. cheese.
Cheese export losses from a large price premium over world markets could back up supply and weigh on milk prices in 2020.
en.edairynews.comDamián MoraisNov 26, 2019Not 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.
