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University of Minnesota economist Marin Bozic said government coronavirus food box purchases lifted Class III prices and widened the Class III and Class IV cheese spread to a record. Cheese makers then depooled fluid milk, deepening three months of negative PPDs.
Negative PPDs cut farm milk checks and raise pressure for a federal review of the milk marketing system, which could change future pricing.
brownfieldagnews.comNicole Heslip23 de set. de 2020Após 24 eventos baixista de política passados, Leite (Classe III) subiu em mediana -0,1% em 5 sessões (33% de alta; metade central de -1,8% a +0,5%), e -4,6% 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.
Government food box purchases lifted Class III prices and widened the cheese spread, with depooling reducing milk supply into Class III; both support the sharp rise.
Government food box purchases lifted Class III prices and widened the Class III-IV spread, showing policy demand support behind the rally.
