
The USDA lowered its 2019 and 2020 US milk production forecasts because of slower expected growth in milk per cow. It also reduced 2020 cheese, butter and whey price forecasts and raised the all-milk price forecast to $19.25 per hundredweight, although the text states the all-milk price was reduced.
Reduced milk output forecasts support dairy prices, while weaker product price forecasts point the other way. Buyers should expect limited net change in dairy-driven feed demand.
Tras 136 eventos neutral de informe pasados, Leche (Clase III) se movió una mediana de -0,1 % en 5 sesiones (43% al alza; mitad central entre -0,7 % y +0,5 %), y -0,3 % 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.