
USDA's July 2024 Livestock, Dairy, and Poultry Outlook raised its 2024 forecast for average milk cows to 9.35 million head and lowered milk per cow and total milk output to 24,265 lb and 226.9 billion lb. Wholesale price forecasts for cheese, butter, dry whey and nonfat dry milk were raised, and the 2024 all-milk price was lifted $0.65 to $22.25/cwt.
A higher herd size offset by lower output per cow, combined with raised product price forecasts, points to firmer dairy prices and stronger demand for dairy feed inputs in the year ahead.
Setelah 237 peristiwa laporan bullish sebelumnya, Susu (Class III) bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -0,3% sampai +0,6%), dan +1,2% 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.