
Dairy markets fell sharply this week after USDA's Milk Production report showed July output of 19.57 billion pounds, up 3.5% year over year, with the herd at 9.485 million head. Butter inventories fell 24 million pounds in July, though cold storage stocks were 6.1% below last year.
Strong milk output and a growing herd point to ample dairy supply, pressuring dairy product prices and the milk price outlook for feed buyers' dairy customers. Feed demand from expanding herds supports steady feed purchases.
Setelah 273 peristiwa laporan bearish sebelumnya, Susu (Class III) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -1,3% sampai +0,4%), dan -1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.