
Butter stocks were sharply higher than a year earlier and butter prices fell below $2 per pound by late September, dropping to $1.75 by end of October. Milk production in September rose 2.1% year over year on higher output per cow.
Weak exports and higher imports pushed the butter trade deficit to its largest since 2006.
Heavy milk output and large butter stocks point to continued downward pressure on dairy prices, reducing the value of dairy-based feed ingredients.
Tras 273 eventos bajista de informe pasados, Leche (Clase III) se movió una mediana de -0,2 % en 5 sesiones (39% al alza; mitad central entre -1,3 % y +0,4 %), y -1,4 % 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.