
NMPF economist Peter Vitaliano says U.S. dairy farmers have had four tough years and 2019 shows some improvement but not enough to break the streak by itself. He points to supply-demand imbalances and unusual price relationships, and notes that the 2018 farm bill strengthened the safety net, renamed MPP-Dairy to Dairy Margin Coverage with a $9.50/cwt maximum margin.
Cheese is expected to drive dairy's 2019 trajectory, and stronger margin coverage supports farm income without directly lifting milk prices. Persistent oversupply keeps downward pressure on milk and dairy product prices.
Tras 15 eventos neutral de macro pasados, Leche (Clase III) se movió una mediana de -0,2 % en 5 sesiones (27% al alza; mitad central entre -2,1 % y +0,1 %), y -3,2 % 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.