The milk price dynamics changed last year

“Dairy markets have a new driver at the wheel: demand. Before 2020, dairy markets hinged mainly on the dynamics of milk supply. Milk prices hinged primarily on weather events, feed costs, and other factors that altered farm-level decisions. Demand was a relatively stable part of the equation, and demand shifts tended to happen gradually over time.”

Read the full article by Ben Laine with Hoard’s Dairyman here.