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USDA's dairy outlook forecasts 2019 Class III milk at $14.70 to $15.40 per cwt, versus $14.61 in 2018. The milk cow herd fell to 9.35 million head in December, the smallest since November 2016.
Year-end cheese stocks were 5% above a year earlier, while butter stocks were 6.2% higher.
A smaller herd and a higher Class III forecast point to firmer milk prices, which can support dairy demand for feed. Heavy cheese and butter stocks limit how far prices can rise.
farmprogress.com28 feb 2019Tras 237 eventos alcista de informe pasados, Leche (Clase III) se movió una mediana de +0,0 % en 5 sesiones (51% al alza; mitad central entre -0,3 % y +0,6 %), y +1,2 % 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.
