
USDA data showed April milk production in Wisconsin up 2 percent year over year and national output roughly flat, which surprised the market, which had expected a decline. Milk prices fell after the report, and analysts expect only slight production growth later in 2024.
Flat national output versus expectations of a decline eased supply tightness and pushed milk prices lower after the release. Dairy demand and feed use would be affected if production stays above expectations.
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.