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US milk production in June rose year over year for the first time in seven months, driven by higher yields even as the herd remained smaller than a year earlier. Dairy commodity prices fell in recent weeks on concerns about demand later in the year.
EU milk collections reached their lowest level since December 2021.
A return to US milk output growth adds supply to a market that had been tight, weighing on dairy product and milk prices. Softer demand expectations reinforce the bearish price outlook.
czapp.comHighGround Dairy2 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.
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.
June milk production rose year over year for the first time in seven months and demand worries pushed dairy lower, a supply and sentiment driver.
Published Aug 2, it reports June US milk output rising year over year for the first time in seven months and demand fears pushing dairy lower, which are direct bearish supply and sentiment drivers for the move.
US June milk production rose year over year for the first time in seven months and demand fears pushed dairy commodities lower, adding supply and sentiment pressure.
Rising US June milk output and demand worries on Aug 2 weighed on dairy futures, a bearish supply/sentiment driver just ahead of the drop.
