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University of Minnesota economist Marin Bozic said Class III milk prices, which had reached about $18 per cwt earlier, had fallen to around $12.84. Foodservice demand for U.S. dairy is down with no replacement demand emerging.
He urged farmers to set price floors through risk management tools.
Persistent foodservice demand losses keep milk prices depressed, so hedging and price-floor decisions by producers become more important.
rrfn.comCarah Hart1 avr. 2020Après 49 événements macro baissier passés, Lait (Classe III) a varié en médiane de -0,6 % sur 5 séances (33 % de hausses ; moitié centrale de -8,5 % à +0,6 %), et de -7,5 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
Class III fell from about $18 to $12.84 as foodservice demand fell with no replacement demand, which captures the demand shock behind the decline.
Foodservice demand loss with no replacement demand pushed Class III from about $18 to near $12.84, describing the demand shock behind the drop.
Published 2020-04-01, it describes Class III falling from about $18 to $12.84 on foodservice demand collapse with no replacement demand, matching the move's timing and mechanism.
