4 ms·
Given that milk consumption has only gone down 1% / year over the last 5 years, which isn't dire, I believe it.
by RobLach 7y ago
Given that milk consumption has only gone down 1% / year over the last 5 years, which isn't dire, I believe it.
- bluntfang 7y agothe direness of a 5% consumption loss over 5 years really depends on margins.
- RobLach 7y agoThat's definitely true if you've bet on consumption increases and preempted meeting that demand, but milk prices are pretty volatile, jumping +/- $4/cwt throughout the year, which makes me think that COGs are padded enough to give you plenty of time to react. Gut feelings though. For comparison, red meat consumption in the US has fallen 15% in the last 10 years and Tyson stock$ is near it's 5 year high.