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US July cheese output was 1.162 billion pounds, down 0.7% from June and July 2022, while butter production fell to 157 million pounds. Wisconsin and California output both fell year on year, and Italian cheese output was also below last year.
Lower US cheese and butter output tightens dairy supply, which supports milk prices and limits surplus dairy-feed availability.
en.edairynews.comDesirée JuarezSep 18, 2023After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
