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USDA's May WASDE raised its 2024 US milk production estimate to 227.3 billion pounds, up 1 billion from April. The 2025 forecast was set at 229.3 billion pounds, driven by more cows and higher output per cow.
The 2024 Class III price was raised to $16.75 per cwt and the all-milk price to $21.20.
Higher production forecasts add supply pressure on milk and dairy product prices, a modest bearish signal for dairy-based feed ingredients. Stronger cheese demand partly offsets this for Class III.
agproud.comAudrey Schmitz13 Mei 2024Setelah 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.
