A year has passed since the COVID-19 pandemic shut down our nation and our economy. Our lives have been shattered by countless losses and our industry has been put to the ultimate test
There is no question that dairy prices have recently walked through levels of uncertainty never realized or equaled in our lifetime. On a month-to-month basis, Class III prices routinely swung $5 per
For extreme diseases, wrote the ancient Greek physician Hippocrates, extreme methods of cure are most suitable. Faced with a virus that forced the U.S. economy into a lockdown, the federal government
Dairy producers can count on only one thing over the next 12 months: volatility. This past spring and summer, market behavior embodied a wide range of emotions from panic lows to euphoric highs
In early human history, maps used to show the boundaries of the known world. Beyond those boundaries, there would often be the words “Here be dragons” to indicate potential dangers
The global health pandemic has created never-before-seen changes to dairy markets. Let’s discuss these developments . . . through the lens of a psychological bias that has been particularly troublesome
The coronavirus pandemic is a once in a generation event that has wreaked havoc on the dairy market. Prices have collapsed, supply chains are damaged, and milk dumping has tragically become widespread
Dairy markets have taken a tumble with the restrictions associated with the novel coronavirus. Milk usage has changed due to severe limitations on dining out
in 1997, the Chicago Mercantile Exchange, now simply known as the CME Group, officially became the marketplace for participants in the dairy industry to manage price risk
Farm gate margins were very good in the fourth quarter . . . will dairy farmers be quick to boost milk production after a multi-year bearish market that did significant damage to their finances?
China is hungry for dairy products. During 2018, China purchased $10.8 billion in dairy products from around the globe — making dairy China’s second-largest agricultural import behind soybeans