Memuat…
The American Farm Bureau's economist John Newton reports that recent COVID-19-related price volatility and a 2018 farm bill pricing change are likely to produce negative producer price differentials in Federal Milk Marketing Order revenue pools. These negative PPDs are expected to offset $5 to $7 per hundredweight of recent milk price gains for some farmers and prompt large volumes of manufacturing milk to be de-pooled.
Negative PPDs reduce farm-level milk returns even as wholesale dairy prices rally, which can change milk marketing and supply decisions. De-pooling shifts milk out of the pools, affecting how much milk reaches the market and the price farmers actually receive.
fb.orgJohn Newton, Ph.D.30 Jun 2020Setelah 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.
