The best and the worst parties share a few characteristics. They both involve a few questionable decisions and an element of surprise — and they don’t end until the authorities show up.
The global dairy markets have been partying hard for the past 12 months, which is pushing milk prices to record highs. For some, it has been a great party. For others, it has been financially painful one and stopped being fun a long time ago. I don’t know if the party is over yet, but the older folks have left, and the only thing left to drink is the cheap vodka.