Loading…
The USDA's April WASDE raised its 2022 US milk production estimate by 300 million pounds to 226.3 billion pounds, citing more dairy cows. Forecasts for cheese, butter and Class III and IV milk prices were raised, while whey was lowered.
Higher projected milk output adds supply, but raised price forecasts for dairy products signal tight stocks and firm demand. Higher Class III prices support dairy-farm margins and can influence demand for dairy feed and byproducts.
capitalpress.comLEE MIELKEFor the Capital PressApr 12, 2022After 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.
