A dairy analyst with RaboResearch says global dairy prices
during the coronavirus pandemic have shown extreme volatility but U.S. markets
have rebounded faster than any other country.
“We saw cheese prices drop down to historical lows, near $1, and then pretty quickly within a couple of weeks ended setting record highs up in the $2.50 plus range.”
Ben Laine tells Brownfield foodservice in the U.S. preparing to reopen along with stay home orders lifting and government purchases were the main reasons for record-high prices.