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COVID-19 and government programs have been two main catalysts for volatility in 2020. However, 2021 is expected to have many challenges that may keep volatility high.

The Grinch returned to the cheese markets Thursday as Markets closed early for the Christmas Holiday.

Class III milk turned in another interesting trade on Wednesday as futures markets traded as high as the limit of $1.50/cwt before decreasing and settling near 75-80 cents stronger in January and February.

Deeper Dive into PPP

If you were not able to forward contract protein commodities early this fall, there are still a few affordable protein options.

Class III milk turned in mixed results on Friday.

Government intervention creates a level of uncertainty that makes a 2021 milk price forecast nearly impossible.