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USDA lowered its 2019 milk production forecast on lower cow numbers and raised its forecasts for cheese, butter and nonfat dry milk prices, while whey prices were trimmed slightly. The all-milk price forecast is $17 to $17.60, roughly steady with the previous report.
Butterfat and skim-solids export forecasts were reduced.
Reduced milk output and higher product prices are supportive for milk prices and could improve farm-gate returns. Lower export forecasts partly offset this by leaving more product in the domestic market.
brownfieldagnews.comNicole Heslip08.03.2019Nach 237 vergangenen Ereignisse (bullisch, Bericht) bewegte sich Milch (Class III) im Median über 5 Handelstage um +0,0 % (51% höher; mittlere Hälfte -0,3 % bis +0,6 %) und über 20 Handelstage um +1,2 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
