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Mexico imposed higher tariffs on American fresh cheese and grated, shredded or powdered cheeses in retaliation for US steel tariffs. Mexico is the top customer for US cheese, and the Virginia Farm Bureau says the move stalled an expected price recovery.
The article also cites stalled NAFTA negotiations as a further drag on dairy prices.
Losing access to Mexico's large cheese market reduces US demand for milk and pushes more surplus into lower-value products, which weighs on Class III milk prices.
morningagclips.comMichael Guilmette24 Agu 2018Setelah 49 peristiwa perdagangan bearish sebelumnya, Susu (Class III) bergerak median -0,3% selama 5 sesi (39% lebih tinggi; separuh tengah -4,7% sampai +1,5%), dan -0,4% 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.
