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Dairy analysts say threatened tariffs from incoming President Trump are a major unknown for U.S. dairy, with Mexico identified as the top export market to protect. The article notes that Class III prices keep falling, with the November benchmark at $19.95 per cwt, the lowest since July.
Tariffs on Mexican or Canadian dairy exports would reduce U.S. export demand and weigh on milk prices. Until policy is clearer, traders are likely to price in added risk.
en.edairynews.comDamián MoraisDec 18, 2024After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
