
The USDA July Announcement of Class and Component Prices showed Class III and Class IV milk prices narrowing toward each other, with the gap under $3/cwt for the first time since March. The July advanced Class I base price fell 85 cents to $21.33/cwt, and Class II, III and IV prices all declined from June, with Class IV dropping $2.62.
Narrowing class spreads reflect softening cheese and butter demand against ample milk supply, pressuring farm milk checks. Lower class prices weigh on dairy feed demand expectations.
Nach 273 vergangenen Ereignisse (bearisch, Bericht) bewegte sich Milch (Class III) im Median über 5 Handelstage um -0,2 % (39% höher; mittlere Hälfte -1,3 % bis +0,4 %) und über 20 Handelstage um -1,4 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
The July class price announcement on Aug 5 coincided with the move, and Class III and IV prices converging may have prompted repositioning, though lower July prices were largely known and are not clearly bullish.