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.