Posted 3/27/2020 05:21 (#8142217 - in reply to #8142202) Subject: RE: milk
Nope, no good grass in the south yet for that.
Milk futures do not tell a story of actual happenings right now. They are guessing that a plant will have to shut down. Futures don't know that this isn't corn. It won't be stored for later it will be dumped and gone forever. That should make them see a shortage but they don't The demand will still be there. In the case of a plant shutdown of any type it is not demand destruction it is supply interruption. That should make the price go up!
Plus how many rations are about to get a drastic change from DDG's shortage? Mine is. I had been feeding 5 lbs of wet to my cows to bolster the taste of some crappy sudex that I have to feed due to last year's horrible weather and my feed shortage. It is gonna be a hit in my production. I know my 50 cows don't matter but it is going on all over the midwest.