
Dairy product prices on the CME fell through June after US tariffs on Mexican steel and aluminum and on some Chinese goods triggered retaliation. Mexico announced a tariff on US cheese, and China targeted some dairy products along with corn and soybeans.
Cheddar barrels fell from $1.59 in early June to $1.32 by end-June.
Mexico is the largest export market for US cheese, so retaliatory tariffs cut export demand and pressure domestic dairy prices. Feed buyers should expect weaker milk and dairy-byproduct pricing while the trade dispute continues.
過去の弱気な貿易イベント49件の後、牛乳(クラスIII) は5営業日で中央値 -0.3% 動き(39% が上昇。中央50%は -4.7% から +1.5%)、20営業日では -0.4% 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。
Retaliatory Mexican and Chinese tariffs on US dairy cut export demand and pushed cheese barrels sharply lower, directly pressuring Class III futures.
Trade dispute with Mexico and China retaliatory tariffs on cheese drove cheese prices lower through June, lowering Class III value.
Trade dispute retaliation drove cheese price declines through June, setting up weakness carried into the window.