Commodity Risk Management Group President Mike North says the volatility in the Class III milk prices caused the CME to adjust its expanded limit before Memorial Day. Dairy farmers can take advantage of these prices. “We are telling producers that this could be a great opportunity, because we are back at pre-COVID levels. In some cases, near contract highs,” says North. “It’s not the kind of markets we expected given the shakeup of the economies. Be wise with the opportunity if you’re in the dairy business.”
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