Memuat…
Virginia dairy officials say the pandemic closed restaurants and schools, which cancelled orders and left the US with about a 10% milk oversupply. About 5% of national milk was dumped in late March and early April.
Farmers were expected to feel the price pressure when April milk payments arrived in May.
A 10% oversupply is far larger than the usual 1-2% surplus and has pushed milk prices sharply lower. Cheese-linked pricing means the impact extends to processing demand and milk-based feed ingredients.
dnronline.comIAN MUNRO Daily News-Record29 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.
A roughly 10% oversupply and milk dumping signal a supply glut that pressures cheese and milk prices, with farmers expected to feel the price pressure when April milk payments arrive.
A roughly 10% oversupply with dumping and the expectation of price pressure in May payments point to a supply-demand imbalance pushing prices lower.
