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USDA's April supply and demand report raised its 2022 all-milk price forecast by 75 cents to $25.80 and lifted its milk production estimate on expected herd growth. Butter and cheese price forecasts were raised, while whey was lowered.
A higher milk price forecast alongside rising production signals balanced dairy supply and firm demand for dairy products. The report is a scheduled government data release that moves dairy price expectations.
1230kfjb.comAshley AndersonApr 8, 2022After 237 past bullish report events, MILK 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.
