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NASS dairy products data for December 2022 showed mozzarella, cheddar, butter and nonfat dry milk output rising month over month. Cheese and butter stocks also climbed, while yogurt output fell year over year.
Full-year 2022 output for several products was mixed.
Rising production and growing stocks of cheese and powder add supply pressure on dairy prices. That weighs on the milk price outlook for dairy-linked feed demand.
issuu.comFeb 21, 2023After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
