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Mexico imposed retaliatory tariffs of 10-15% on US cheese in June, raised them to 20-25% in July, and China also enacted tariffs on US dairy. The NMPF and USDEC raised concerns about the financial impact on US dairy farms.
Higher tariffs on US cheese in Mexico, the largest market for US cheese exports, reduce export volumes and weigh on domestic milk prices. The phase-in of the Mexican tariffs softens the near-term impact.
nmpf.orgdcadmin5 jul 2018Tras 49 eventos bajista de comercio pasados, Leche (Clase III) se movió una mediana de -0,3 % en 5 sesiones (39% al alza; mitad central entre -4,7 % y +1,5 %), y -0,4 % 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.
Mexico's tariffs on US cheese rising to 20-25% in July cut export demand for US cheese, the key driver of Class III prices.
Mexico's tariffs on US cheese rose to 20-25% in July, reducing export outlets for US cheese and lowering the Class III price outlook.
Higher Mexican tariffs on US cheese and Chinese tariffs reduce export demand, pressuring cheese-driven Class III prices.
