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Milk futures remain high as feed costs drop to levels last seen in 2020, yet other market pressures such as lower butter and cheese prices and waning holiday demand, as well as recent milk production reports revealing gains for the first time in more than a year, complicate the matter.
“As prices climb to elevated levels, increased volatility often follows, and we’ve certainly been witnessing this recently,” says Alex Gambonini of HighGround Dairy. “All of these factors are contributing to downward pressure on nearby futures prices.”
Jenn Coyne
October 24, 2024
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