Laden…
The Class III milk price for April ended at $14.50 per cwt, up from $14.22 in March and $13.40 in February. U.S. dairy exports have run above year-earlier levels since July 2017, and February export volumes reached an all-time high.
Domestic butter and cheese sales also rose in 2018.
Stronger export demand and firmer domestic sales are tightening U.S. dairy supplies, supporting Class III milk prices into the summer.
farmprogress.comFran O'Leary1 mei 2018Na 41 eerdere opwaarts handel-gebeurtenissen bewoog Melk (Class III) zich mediaan -0,1% over 5 sessies (49% hoger; middelste helft -1,3% tot +8,1%), en +1,1% 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.
Record exports, rising butter and cheese sales, and a forecast of $16 Class III by August support bullish sentiment and buying in the futures.
Forecast of Class III reaching $16 by August, backed by record exports and rising April Class III price, reinforced bullish sentiment and demand expectations.
