Loading…
The February WASDE raised the 2017 milk production forecast and the all-milk price forecast to $17.70 to $18.40 per cwt. Beginning dairy stocks were raised on December 31 data, while cheese and butter price forecasts were lowered.
Higher milk output and larger stocks weigh on dairy product prices, although the higher all-milk price forecast signals better producer returns that could support more cow numbers.
history.edairynews.comPublicado por: GonzaloFeb 10, 2017After 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.
