RSS By: Dairy Today: Know Your Market, Dairy Today.Dairy trading experts offer strategies and practical perspectives to optimize market performance.April Showers Bring May Flowers for the Milk Market
Can the recent rally be sustained given the underlying fundamental picture? Are you protected if prices head south again?
Rocky GinggBy Rocky Gingg, Stewart-Peterson
Milk prices have made a sharp turnaround over the last two weeks, putting an end to a lengthy five-week losing streak. During the past two weeks, June milk rallied over 120 cents, or 8.6%, while the July-December average has tacked on more than 50 cents, or 3.7%.
Has April’s steady shower of downward pressure led to an upward blossom for milk prices in May? Thus far it has, but the better questions to ask are, “Can the rally be sustained given the underlying fundamental picture†and “Are you protected if prices head south again?â€
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