Smokehouse Creek Fire prompts dairy production concerns

“So, the question right now is, is that a widespread problem is it a confined to a couple of herds? So, it’s one of those things we like to say in the market, buy the rumor, sell the fact. So, right now it’s a little bit of risk off, I’m sure, for some people who have been selling into this. We’ve been seeing lately especially in March and April, a lot of volatility as people are trying to anticipate, have we found a bottom in cheese, we’ve moved back to $1.40 cheese of late, so it’s a little bit of just markets trying to anticipate maybe a move.”