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Dairy Defined: Milk Prices Remain a Roller Coaster Amid COVID-19, NMPF'S Vitaliano Says

Dairy prices that plunged, then skyrocketed, have settled – for a moment. But volatility should be expected as long as COVID-19 makes its way through the economy, said Peter Vitaliano, chief economist for the National Milk Producers Federation.
 
“It has been indeed a roller coaster,” Vitaliano said in an NMPF podcast released today. Vitaliano, who writes NMPF’s monthly Dairy Market Report, said the extent of coronavirus-related closures this fall and how much farmers increase milk production will remain significant questions for the rest of the year. 
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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.