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Vermont dairy farmers say four years of low milk prices are causing severe financial strain. State figures show average prices fell to $16.78 in 2017 and about $14.56 in the first quarter of 2018.
The Vermont Agency of Agriculture expects prices near $14.35 by year-end due to tariffs, and farmers say the federal Margin Protection Program payments are insufficient.
Expected price declines and weak farm margins may lead to reduced milk output over time, though the immediate market impact is limited.
wcax.comCat ViglienzoniAug 2, 2018After 24 past bearish policy events, MILK moved a median -0.1% over 5 sessions (33% higher; middle half -1.8% to +0.5%), and -4.6% 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.
