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COVID-19 Recession Likely to Cause Milk Prices to Reflect 2008

«It's kind of surreal. It's weird watching these markets implode on such limited data,» says Tom Bailey a senior dairy economist with RaboAgriFinance. «We are shifting our projections to what can effectively be described as a recession.»  Farmers and analysts alike expected milk prices to suffer at the hands of COVID-19. However, what started as a price impact estimate of 6% has quickly become a much...