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Jun 21, 2017REPORTUS

Weaker milk per cow tempered growth in May -

USDA's Milk Production report showed May 2017 U.S. output up 1.8 percent year over year to 18.94 billion pounds, with 71,000 more cows. Milk per cow growth slowed, and output fell in California, Wisconsin and Idaho.

WHY IT MATTERS

Expanding herd and output add to dairy supply and weigh on Class III milk prices, while lower per-cow yields in key states slightly temper the surplus.

AFFECTSMilk (Class III)▼

SOURCE
agproud.comDave NatzkeJun 21, 2017

Price reaction & history

Milk (Class III)▼bearishSO FAR1d 0.0%5d +0.1%20d -4.7%

After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.

Nov 21, 2017Milk production growth continues - | Ag Proud-9.4%
Feb 24, 2021Less acceleration: Milk production growth slowed in January | Ag Proud+0.1%
May 13, 2024Increased cow numbers, milk per cow raise 2024-25 milk production estimates | Ag Proud+0.5%
Sep 18, 2017Milk production estimates raised on milk-per-cow growth | Dairy | leadertelegram.com+0.9%
Feb 21, 2019December milk production growth slows, milk prices lower - Progressive Dairy | Ag Proud+9.3%

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.

Milk (Class III) MILK · GP ▸

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