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USDA's December 9 WASDE projected lower US milk production for 2021 and 2022 on fewer dairy cows and slower per-cow growth. Butter, cheese and whey price forecasts were raised, and the 2021 all-milk price forecast was lifted to $18.60 per cwt.
Smaller milk supply and firmer product prices point to higher dairy commodity values for feed buyers, supporting demand for dairy-linked feed and reducing expectations of cheap milk.
en.edairynews.comDamián MoraisDec 27, 2021After 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.
