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USDA data show August 2020 US cheese production at 1.09 billion pounds, down 2.1% year on year. Butter output rose 7.8%, nonfat dry milk for human use rose 8.8%, and dry whey fell 5.4%.
Lower cheese output alongside higher butter and milk powder output shifts dairy product mix, with limited direct effect on feed commodity prices. Cheese weakness may pressure milk values.
brownfieldagnews.comadminOct 5, 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.
