November 13, 2020: Dairy Product Production and Inventory

Dairy markets have certainly behaved strangely this year. We have had milk price extremes for Class III. While Class IV milk prices have been less volatile after an initial plunge earlier this year, they continue to struggle to catch up to Class III or reach pre-COVID-19 prices. It looks like the spread between Class III and IV does not approach normalcy until next summer. I thought I would take a brief glance at how dairy product production and stocks are currently influencing milk prices. Read More