Dairy farmers are well aware that milk checks have been anything but spectacular for more than a year now. However, it seems like prices have finally started to turn the corner. But will this small rebound be short-lived? According to a recent report from Rabobank, analysts believe prices will continue to recover, just slower than expected. Here are two of the main reasons why.
Buyers Have Already Stocked Up
Towards the end of 2023 and into early 2024, milk markets began to experience a slight upswing as buyers took advantage of lower prices and stocked up on dairy products. Though this has offered some short-term relief for producers, analysts believe that this price recovery still has some additional headwinds to face.
By TAYLOR LEACH
May 17, 2024
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