Seeking Alpha

Analysis: Milk prices have peaked

  • Wells Fargo analyst John Baumgartner forecasts a continued drop in milk prices after seeing Class I milk peak earlier in the month.
  • The news could be a relief for a number of companies (DF, WWAV, SJM, DF, NSRGY, LWAY, DNKN, MCD, SBUX, GIS, HSY, MJN, ADY) which have faced margin pressure over the escalated cost of wholesale milk products.
  • Milk price chart
  • Related ETF: MOO
Comments (5)
  • Michael Bryant
    , contributor
    Comments (5659) | Send Message
     
    So does that mean my grocery bill will go down. In a sense, I think food and gas inflation is killing the recovery, because consumers have less money to spend.
    23 May 2014, 12:34 PM Reply Like
  • robertpaladino
    , contributor
    Comment (1) | Send Message
     
    I agree with Michael Bryant, just go shopping and you realize that the cost of food and household goods has gone up, and continues to go up, i.e. seafood, meat, produce, fruit, etc. And they say there is no inflation, c'mon!!!
    23 May 2014, 03:23 PM Reply Like
  • boslik
    , contributor
    Comments (2) | Send Message
     
    My milk source(one of the top 8 milk producers in the country) says "no way" . Milk prices stay high til the very end of the year.
    23 May 2014, 03:57 PM Reply Like
  • larkie03@gmail.com
    , contributor
    Comment (1) | Send Message
     
    The way food prices are going up, obesity will stop being a national problem.
    25 May 2014, 06:12 AM Reply Like
  • redpacifica
    , contributor
    Comment (1) | Send Message
     
    Only when junk food cost more than healthy food
    28 May 2014, 12:38 PM Reply Like
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