
USDA's February WASDE lowered 2023 US milk production by 900 million pounds to 228.3 billion pounds. The agency also cut its 2023 Class III price forecast by 95 cents to $17.90 per cwt and its all-milk price forecast to $20.70.
Lower milk output is offset by weak domestic demand and international price pressure, so the net outlook is for lower dairy prices, which reduces dairy-related feed demand.
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.