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Dairy farmers and processors continue testifying at a USDA hearing on the Federal Milk Marketing Order system, now in its sixth week. Class III milk prices for October through December have fallen 72 to 78 cents since the hearing began, while cheese blocks and barrels are lower and butter, whey and nonfat dry milk are higher.
Lower cheese values are pulling down Class III milk checks for producers, and any change to make allowances or pricing formulas would reshape processor and farm-gate milk returns. Feed buyers should expect dairy-sector margin pressure to persist into the fourth quarter.
brownfieldagnews.comLarry Lee26 Sep 2023Setelah 24 peristiwa kebijakan bearish sebelumnya, Susu (Class III) bergerak median -0,1% selama 5 sesi (33% lebih tinggi; separuh tengah -1,8% sampai +0,5%), dan -4,6% 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.
