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USDA's February supply and demand report expects 2023 milk production to decline on reduced milk per cow and a smaller herd. USDA lowered cheese, nonfat dry milk and whey prices, and it forecasts lower Class III and IV prices.
The 2023 all-milk price forecast was cut by 90 cents to $20.70 per cwt.
Lower milk output and lower product prices point to softer dairy prices and a weaker outlook for milk-based feed ingredients. Buyers of dairy-linked feed inputs should expect less pressure from the dairy side.
brownfieldagnews.comNicole Heslip8 feb 2023Tras 273 eventos bajista de informe pasados, Leche (Clase III) se movió una mediana de -0,2 % en 5 sesiones (39% al alza; mitad central entre -1,3 % y +0,4 %), y -1,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
