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October Class III milk futures closed the week at $19.57, up 36 cents, extending a four-week run of gains. October Class IV posted a limit-up day on Friday.
Spot dairy demand was steady to strong, and the government announced another $1 billion in dairy product purchases.
Government purchases add cheese and dairy product demand, supporting milk prices and the dairy-based feed ingredient complex. Stronger milk prices can also improve dairy producers' margins for feed buying.
totalfarmmarketing.comEvan Disher18 Sep 2020Setelah 41 peristiwa perdagangan bullish sebelumnya, Susu (Class III) bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,3% sampai +8,1%), dan +1,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
