U.S. milk powder and whey export volumes fell in the third quarter of 2017, with Mexico buying less from the U.S. as the EU and Canada priced aggressively. Dry whey inventories have more than doubled year over year and whey prices have dropped about 40% since May.
Weaker U.S. dairy export demand and heavy inventories point to lower Class III milk prices, which weighs on dairy-based feed ingredient demand and sentiment.
Setelah 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.