Loading…
USDA's November supply and demand report raised its 2020 and 2021 US milk production estimates on higher milk per cow and larger herds. The agency raised 2020 cheese, nonfat dry milk and whey price forecasts while cutting butter, and lifted the 2020 all-milk price by $0.25 to $18.25 per hundredweight.
Higher projected milk output widens supply, while the revised price mix signals firmer dairy product values, which affects dairy-linked feed demand and dairy-cow feed purchasing decisions.
brownfieldagnews.comNicole HeslipNov 10, 2020After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
