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USDA's monthly supply-demand report projected higher US milk output, cheese and milk prices for 2018 than for 2017. It cut 2017 milk output to a record 216.9 billion pounds and raised 2018 output to 222.0 billion pounds on stronger milk prices and moderate feed costs.
Higher projected 2018 milk output and exports point to a more ample dairy supply, which caps price gains even as prices are expected to firm.
history.edairynews.comPublicado por: Damián MoraisMay 27, 2017After 136 past neutral report events, MILK 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.
