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Tom Vilsack of the US Dairy Export Council said Class III milk has fallen 26% and Class IV 36% amid the COVID-19 outbreak. He noted that US dairy exports had grown for six months through February before the pandemic hit, and he expects March through May exports to decline.
Lower export demand and falling milk prices weigh on dairy markets, reducing farm-level income for milk producers.
brownfieldagnews.comLarry LeeApr 8, 2020After 49 past bearish macro events, Milk (Class III) 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.
