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The October Class III milk price rose to $16.69 per hundredweight, up 33 cents from September and $1.87 above a year earlier, the highest since February 2017. Class III futures pointed to a downward trend, with no contract above $16 until August 2018.
Higher benchmark milk prices lift returns for dairy producers, but weakening futures suggest dairy-based feed demand and milk values may ease into 2018.
thefencepost.comLee Mielke9 nov 2017Tras 136 eventos neutral de informe pasados, Leche (Clase III) se movió una mediana de -0,1 % en 5 sesiones (43% al alza; mitad central entre -0,7 % y +0,5 %), y -0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The October Class III price announcement on Nov 9 showed a rise to $16.69, the highest since February, which supports sentiment and spot-linked pricing, though futures signaled a downward trend.
