Cargando…
The Class III milk price for April ended at $14.50 per cwt, up from $14.22 in March and $13.40 in February. U.S. dairy exports have run above year-earlier levels since July 2017, and February export volumes reached an all-time high.
Domestic butter and cheese sales also rose in 2018.
Stronger export demand and firmer domestic sales are tightening U.S. dairy supplies, supporting Class III milk prices into the summer.
farmprogress.comFran O'Leary1 may 2018Tras 41 eventos alcista de comercio pasados, Leche (Clase III) se movió una mediana de -0,1 % en 5 sesiones (49% al alza; mitad central entre -1,3 % y +8,1 %), y +1,1 % 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.
Record exports, rising butter and cheese sales, and a forecast of $16 Class III by August support bullish sentiment and buying in the futures.
Forecast of Class III reaching $16 by August, backed by record exports and rising April Class III price, reinforced bullish sentiment and demand expectations.
