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A retired dairy co-op executive describes how COVID-19 lockdowns shifted dairy sales from foodservice to retail in spring 2020. Grocery sales rose sharply while foodservice sales fell, and some foodservice segments began reopening in May.
Shifts between retail and foodservice demand change which dairy products are needed and when, which affects milk and cheese prices and the demand for dairy feed.
agproud.comCalvin CovingtonOct 1, 2020After 15 past neutral macro events, Milk (Class III) moved a median -0.2% over 5 sessions (27% higher; middle half -2.1% to +0.1%), and -3.2% 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.
