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Coronavirus lockdowns closed schools, restaurants and coffee shops, causing a sharp drop in dairy demand. Farmers such as Brian Brown were told to cut production by about 20% and began dumping milk.
Excess milk is being directed toward food banks, which may need federal help.
Forced production cuts and milk dumping signal a large supply surplus that keeps milk prices depressed. Lower milk output reduces the volume of dairy byproducts available for feed.
csmonitor.comRichard Mertens2020. 4. 30.과거 하락 거시 이벤트 49건 이후, 우유 (Class III)은 5거래일 동안 중앙값 -0.6% 변동(상승 33%; 중간 50% 범위 -8.5%~+0.6%), 20거래일 동안 -7.5%.
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.
Reports of dumping and mandated production cuts on April 30 highlighted a demand collapse and glut, weighing on sentiment.
Demand collapse from closed restaurants and schools, along with milk dumping and production cuts, reinforced the bearish sentiment around the glut.
