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USDA projects the all-milk price averaging $18.25 for 2020 and $17.70 for 2021. Class III prices rose through October and November on government cheese purchases, strong cheese exports and higher dry whey prices, but cheese fell sharply in November and Cropp warned December Class III could drop near or below $16.
Lower projected 2021 milk prices and a sharp expected December Class III decline reduce dairy farm revenue and signal weaker demand for dairy-based feed ingredients, while steady production keeps supply ample.
farmprogress.comFran O'Leary1 thg 12, 2020Sau 273 sự kiện báo cáo giảm giá trước đây, Sữa (Class III) biến động trung vị -0,2% trong 5 phiên (tăng 39%; nửa giữa từ -1,3% đến +0,4%), và -1,4% trong 20 phiên.
Biến động benchmark của từng hàng hóa so với giá đóng cửa trước sự kiện. Số liệu lịch sử gộp các sự kiện cùng loại trong quá khứ; chúng mô tả điều đã xảy ra, không phải điều sẽ xảy ra. Không phải tư vấn đầu tư.
Cheese fell sharply in November after government purchases faded, and the analyst warned that December Class III could drop near or below $16.
Dated 12/1, it flags the sharp November cheese drop and a warning that December Class III could fall near or below $16, so it points to the downward repricing in the futures contract; the timing fits the move window.
USDA outlook notes cheese fell sharply in November and December Class III could drop near or below $16, reinforcing downward price expectations.
