Historic and tragic day in CME spot dairy markets today as cheese and butter prices fall to 2009 lows- career lows for me. Thinking of the dairy farmers, including my family and friends, across the country who work tirelessly and passionately whose profits have evaporated.
Farmers in the Upper Midwest are pouring their excess milk down the drain as processing plants in the region run out of capacity https://t.co/Nk6FMZXb7W
Welcome Lucas Fuess to Rabo AgriFinance as our new #RaboResearch senior dairy analyst! Lucas has extensive experience serving the dairy sector throughout his career and has gained recognition domestically and globally for his foresight and first-hand industry knowledge.
"While the USDA Farmers to Families Food Box Program has assisted tens of millions of families in need, the program has wreaked havoc in cheese markets throughout the past nine months." Amazing article @cheeseanalyst
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https://t.co/DwVwIVNPD3
#dairy#food#highgrounddairy#dairymilk#milkproduction
Big thanks to @andreacapkovic and @cheeseanalyst for starring in the final @Eucolait webinar of the year on EU & US market perspectives. High milk production, lockdowns and Brexit make for a gloomy mix. Thankfully #Agrioutlook is quite optimistic for the next 10 years.
"It is no secret that this year has been unlike any other that any of us has ever witnessed. There have been challenges (and opportunities) large and small to navigate, and the pace of change can be overwhelming," says @HighGroundDairy@cheeseanalyst:
https://t.co/gdxzrGjamz
Don't forget to register for HighGround Dairy's FREE webinar this Thursday! We can't wait to talk all things dairy. Have questions for us? Submit them at the link below! See you soon!
Sign up here: https://t.co/YpeDPHzXHJ
Submit questions here: https://t.co/VPwNGPe9b0
Cheese prices at the CME surged again last week, while NDM prices also have strengthened and butter continues to hover around $1.50 per lb. While Q4 typically is a high demand time for dairy due to holiday buying, this year’s outlook is a bit uncertain:
https://t.co/N9kbP2m7lg