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University of Wisconsin dairy policy analyst Mark Stephenson said the pandemic's third US surge, not yet peaked as of Oct. 22, will continue to weigh on dairy demand.
Food service sales, which account for over half of cheese and butter consumption, remain sharply reduced, with pizza a notable exception.
Persistent foodservice weakness limits dairy product demand and milk price recovery into 2021. Lower dairy margins may restrain herd expansion and feed purchases.
agproud.comDave Natzke26 Okt 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.
