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Dairy farmers faced a December 20 deadline to enroll in the 2020 Dairy Margin Coverage program after the USDA extended it by a week. The US-China phase one trade deal, announced December 13, could affect both feed costs and milk income but its details were not yet available.
Phase one is expected to be signed in early January.
Changes to feed costs and export access for dairy could shift milk production and feed purchasing decisions in 2020. Until the deal's terms are published, the price effect on milk and feed remains uncertain.
agproud.comDave Natzke17.12.2019Nach 18 vergangenen Ereignisse (neutral, Handel) bewegte sich Milch (Class III) im Median über 5 Handelstage um -0,4 % (39% höher; mittlere Hälfte -2,9 % bis +1,1 %) und über 20 Handelstage um -3,0 %.
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.
