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USDA's annual data showed most US dairy products had higher output in 2017, with butter up 0.4% and American cheese up 6.4%. Dry whey production for animal feed jumped 36%, while feed-grade whey protein concentrate fell more than 26%.
Hard ice cream output dropped 2.4%.
Higher dry whey output for feed adds supply to the animal-feed ingredient market, which can weigh on feed-grade dairy byproduct prices.
brownfieldagnews.comLarry LeeApr 27, 2018After 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.
