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Dairy margins weakened in late July as milk prices were flat and projected feed costs rose. USDA reported June milk production up 0.17% year on year, the first annual increase since October 2021, while the milking herd remained 78,000 head lower than a year earlier.
Slightly higher milk output and firm feed costs squeeze producer margins, and corn was bid higher on drought and heat forecasts, which adds cost pressure for dairy feeders.
dairyproducer.comTanya Eadie2 ago 2022Tras 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.
Tras 1040 eventos alcista de informe pasados, Maíz se movió una mediana de +0,5 % en 5 sesiones (62% al alza; mitad central entre -0,9 % y +2,0 %), y +0,8 % 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.
USDA data showing June milk production up year over year, the first rise since October 2021, adds supply pressure to Class III futures.
