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USDA raised its milk production forecast for 2019 and 2020 because of stronger milk per cow and higher cow numbers. The 2019 all-milk price was raised five cents to $18.40/cwt, and the 2020 price was unchanged at $18.85/cwt.
Cheese and nonfat dry milk price forecasts were raised, while butter and whey were reduced.
Expanded milk supply is a bearish factor for dairy prices, but firmer cheese and powder prices offset part of that pressure. The net result is a stable 2020 all-milk outlook.
brownfieldagnews.comNicole Heslip10 oct 2019Tras 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.
