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University of Minnesota economist Marin Bozic said government coronavirus food box purchases lifted Class III prices and widened the Class III and Class IV cheese spread to a record. Cheese makers then depooled fluid milk, deepening three months of negative PPDs.
Negative PPDs cut farm milk checks and raise pressure for a federal review of the milk marketing system, which could change future pricing.
brownfieldagnews.comNicole Heslip23 sept 2020Tras 24 eventos bajista de política pasados, Leche (Clase III) se movió una mediana de -0,1 % en 5 sesiones (33% al alza; mitad central entre -1,8 % y +0,5 %), y -4,6 % 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.
Government food box purchases lifted Class III prices and widened the cheese spread, with depooling reducing milk supply into Class III; both support the sharp rise.
Government food box purchases lifted Class III prices and widened the Class III-IV spread, showing policy demand support behind the rally.
