August 24, 2020
Global Dairy Weekly (week ended August 21, 2020)
An eFeedLink Exclusive
By MATT GOULD, THE DAIRY MARKET ANALYST
Market fundamentals change
Batavia, NY – In the Northeast and Midwest, cream multiples have fallen to the lowest levels since May. Block prices are down $1.35/lb from the summer high and barrel prices, down $1.1350. Butter prices have fallen $0.50/lb from the peak. Our networks wants to know: What has changed so dramatically to send dairy commodities in to such a bearish market?
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