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Dairy expert Mark Stephenson says optimism for higher milk prices later this year is fading, citing trade wars and pending Chinese tariffs on dairy products. Since June 1, July Class III milk futures have fallen $2.13 per hundredweight, with August and September also lower, and cash butter, cheese and nonfat dry milk have declined.
Expected Chinese tariffs on US dairy would reduce exports and leave more product domestically, adding downward pressure on US dairy prices.
brownfieldagnews.comLarry Lee25 jun 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.
