Market Reports

The 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.

The markets were awash in red ink on Wednesday, and the selloff gathered speed as the week drew to a close.

Dairy producers can live with those prices, but they are certainly uninspiring, especially after several years of hardship.

The market is still suffering a hangover after over-indulging in October and November and the damage has been done.

Dairy markets were not immune, and after a healthy rally last week markets suffered a sizeable setback.

The steep December selloff was a necessary correction and was not the start of a sustained downtrend. With the exception of butter, dairy demand is outpacing supply and supporting dairy product prices.