Rabobank says U.S. producers are ‘not out of the woods’
Despite a recent rally in dairy commodity prices, up from January lows, Rabobank’s Q1 2015 report on the dairy industry finds that suppliers are not out of the woods yet. Rabobank Group provides wholesale and retail banking and other services.
“We have passed through the worst for dairy market fundamentals, but things aren’t likely to be as tight through mid-year as the market is currently factoring,” said Rabobank global dairy strategist Tim Hunt.