
USDA projects the all-milk price averaging $18.25 for 2020 and $17.70 for 2021. Class III prices rose through October and November on government cheese purchases, strong cheese exports and higher dry whey prices, but cheese fell sharply in November and Cropp warned December Class III could drop near or below $16.
Lower projected 2021 milk prices and a sharp expected December Class III decline reduce dairy farm revenue and signal weaker demand for dairy-based feed ingredients, while steady production keeps supply ample.
과거 하락 보고서 이벤트 273건 이후, 우유 (Class III)은 5거래일 동안 중앙값 -0.2% 변동(상승 39%; 중간 50% 범위 -1.3%~+0.4%), 20거래일 동안 -1.4%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Cheese fell sharply in November after government purchases faded, and the analyst warned that December Class III could drop near or below $16.
Dated 12/1, it flags the sharp November cheese drop and a warning that December Class III could fall near or below $16, so it points to the downward repricing in the futures contract; the timing fits the move window.
USDA outlook notes cheese fell sharply in November and December Class III could drop near or below $16, reinforcing downward price expectations.