Laden…
USDA outlook chairman Mark Jekanowski said milk and dairy prices have started to decline faster than expected. USDA projects 2023 US milk output to grow by under 1% while the all-milk price falls about 15%, nearly $4 per cwt.
Output growth combined with weak demand and strong international competition points to lower milk prices, while feed costs stay firm and squeeze producer margins. The projected price drop is large enough to move dairy and feed-related market expectations.
pnwag.net30 jan 2023Na 273 eerdere neerwaarts rapport-gebeurtenissen bewoog Melk (Class III) zich mediaan -0,2% over 5 sessies (39% hoger; middelste helft -1,3% tot +0,4%), en -1,4% 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.
USDA's outlook for a roughly 15% fall in the all-milk price and prices declining faster than expected reinforced bearish sentiment and likely encouraged selling.
USDA outlook on 2023-01-30 projecting a roughly 15% drop in the all-milk price and faster-than-expected declines in dairy prices fed bearish sentiment ahead of the 1 Feb drop.
