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University of Minnesota economist Marin Bozic said Class III milk prices, which had reached about $18 per cwt earlier, had fallen to around $12.84. Foodservice demand for U.S. dairy is down with no replacement demand emerging.
He urged farmers to set price floors through risk management tools.
Persistent foodservice demand losses keep milk prices depressed, so hedging and price-floor decisions by producers become more important.
rrfn.comCarah Hart1 de abr. de 2020Após 49 eventos baixista de macro passados, Leite (Classe III) subiu em mediana -0,6% em 5 sessões (33% de alta; metade central de -8,5% a +0,6%), e -7,5% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Class III fell from about $18 to $12.84 as foodservice demand fell with no replacement demand, which captures the demand shock behind the decline.
Foodservice demand loss with no replacement demand pushed Class III from about $18 to near $12.84, describing the demand shock behind the drop.
Published 2020-04-01, it describes Class III falling from about $18 to $12.84 on foodservice demand collapse with no replacement demand, matching the move's timing and mechanism.
