
Dairy farmers and processors continue testifying at a USDA hearing on the Federal Milk Marketing Order system, now in its sixth week. Class III milk prices for October through December have fallen 72 to 78 cents since the hearing began, while cheese blocks and barrels are lower and butter, whey and nonfat dry milk are higher.
Lower cheese values are pulling down Class III milk checks for producers, and any change to make allowances or pricing formulas would reshape processor and farm-gate milk returns. Feed buyers should expect dairy-sector margin pressure to persist into the fourth quarter.
過去の弱気な政策イベント24件の後、牛乳(クラスIII) は5営業日で中央値 -0.1% 動き(33% が上昇。中央50%は -1.8% から +0.5%)、20営業日では -4.6% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。