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Hoard's Dairyman's weekly market report repeats USDA's February WASDE milk forecasts, with 2020 production unchanged at 222.0 billion pounds and lower cheese and butter prices. It also cites Class III futures near $17.41 for 2020.
Confirmed lower cheese and butter forecasts point to softer milk prices, which may reduce dairy herd feed purchasing power.
hoards.comInterPuls acquires ADFFeb 14, 2020After 273 past bearish report events, MILK moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
