The Latest: June - 2026
Milk Continues to Gush Across the U.S.
Milk continues to gush across the U.S., though the pace of growth has slowed somewhat. USDA’s most recent Milk Production report, released earlier this week, showed that volumes across the U.S. ticked up by 2.3% year over year in May. Once adjusted for component growth the increase is likely to be even larger.
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The dairy markets sprinted out of the gate on Monday, but they couldn’t sustain such an energetic pace. The dairy markets are fixated on the spread of the Coronavirus (COVID-19) and its potential impact on the economy and consumer behavior. However, there are a lot of good things to be said about dairy market fundamentals.
View reportThe markets were swamped in waves of selling due to fears that the coronavirus would spread. The dairy bulls finally came up for air on Friday, bringing some much needed calm to the dairy complex.
View reportThe markets were awash in red ink on Wednesday, and the selloff gathered speed as the week drew to a close.
View reportDairy producers can live with those prices, but they are certainly uninspiring, especially after several years of hardship.
View reportThe market is still suffering a hangover after over-indulging in October and November and the damage has been done.
View reportDairy markets were not immune, and after a healthy rally last week markets suffered a sizeable setback.
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