Laden…
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.
farmprogress.comFran O'Leary2 jul 2018Na 49 eerdere neerwaarts handel-gebeurtenissen bewoog Melk (Class III) zich mediaan -0,3% over 5 sessies (39% hoger; middelste helft -4,7% tot +1,5%), en -0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
