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Restaurant, school and food-service closures have dried up the market for dairy products, particularly cheese. Dairy farmers have begun flushing milk because they cannot sell it.
About one-third of the state's dairy products are sold through food-service channels.
Milk disposal shows surplus supply with no demand, which is strongly bearish for milk prices.
apnews.com2 Apr 2020Setelah 49 peristiwa makro bearish sebelumnya, Susu (Class III) bergerak median -0,6% selama 5 sesi (33% lebih tinggi; separuh tengah -8,5% sampai +0,6%), dan -7,5% 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.
Farmers flushing milk as restaurant and school closures eliminated cheese demand signals oversupply and bearish sentiment.
Food-service closures dried up cheese demand and farmers began flushing milk, signaling a demand collapse and oversupply that fed bearish sentiment.
