
The USDA's February WASDE cut its 2024 U.S. milk production forecast by 1 million lbs to 228.2 billion lbs, due to lower output per cow partly offset by larger cow herds. Forecasts for 2024 butter, cheese, nonfat dry milk and whey prices were raised, and Class III and Class IV price forecasts moved higher.
A smaller expected milk output and stronger product prices support Class III and IV milk prices, which tends to lift dairy-related feed demand and sentiment.
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.