Answer:
One area that has been filled with uncertainty over the past few months is the milk markets. On March 4, just before the pandemic hit, the 12-month average for Class III milk futures on the cme averaged $16.65 per hundredweight. By April 30, that 12-month average Class III milk futures price had fallen to $14.73 per hundredweight. Today, on June 30, the 12-month average Class III milk futures price has more than rebounded to $17.14 per hundredweight, with the Class III price for June and July forecasted to be above $20.
Explanation:
