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The American Farm Bureau's economist John Newton reports that recent COVID-19-related price volatility and a 2018 farm bill pricing change are likely to produce negative producer price differentials in Federal Milk Marketing Order revenue pools. These negative PPDs are expected to offset $5 to $7 per hundredweight of recent milk price gains for some farmers and prompt large volumes of manufacturing milk to be de-pooled.
Negative PPDs reduce farm-level milk returns even as wholesale dairy prices rally, which can change milk marketing and supply decisions. De-pooling shifts milk out of the pools, affecting how much milk reaches the market and the price farmers actually receive.
fb.orgJohn Newton, Ph.D.30.06.2020Nach 24 vergangenen Ereignisse (bearisch, Politik) bewegte sich Milch (Class III) im Median über 5 Handelstage um -0,1 % (33% höher; mittlere Hälfte -1,8 % bis +0,5 %) und über 20 Handelstage um -4,6 %.
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.
