Chargement…
U.S. dairy prices have fallen since the COVID-19 outbreak, with Class III down 26% and Class IV down 36%. School and foodservice closures cut demand, and exports slowed after March.
The April WASDE lowered annual forecasts for cheese, butter, nonfat dry milk and whey.
Lost foodservice and export demand left surplus milk with no outlet, pushing down milk class prices and the cost of dairy-based feed ingredients. Lower milk prices also weigh on dairy producers' feed purchasing.
farmprogress.comGary Latta28 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.
School and foodservice closures cut demand and slowed exports, and the WASDE lowered cheese, butter, NFDM and whey forecasts, which is a bearish demand and price outlook for Class III.
Dated the same day as the drop, it describes COVID-19 foodservice and school closures cutting demand and the April WASDE lowering cheese, butter, NFDM and whey forecasts, which is bearish for Class III.
