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Timing of Aid Makes Dairy's Prospects Unclear | Main Edition


Trying to predict where the dairy markets will go in 2021 is a bit like peering into the murky waters of Loch Ness.
In this case, the creature lurking in the deep is USDA, and the scale and timing of the agency’s dairy purchases could dramatically influence farmers’ milk checks in the second year of the pandemic.
The agency’s intentions are unclear, and as long as they remain that way, it’s hard to guess whether dairy prices will rise or fall.
“Usually things are either bearish or bullish, and in this situation, with the government involved, all you can really say, in terms of anything concretely, is that it’s volatile,” said Matt Gould, president of Dairy and Food Market Analyst Inc. ....

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