A dairy market column reports that USDA's October WASDE raised 2022 and 2023 US milk production and marketing forecasts by about 400 million pounds each. Cow numbers and output per cow were both increased, and import and export forecasts were revised for butter, cheese and whey products.
A larger US milk supply forecast is bearish for dairy product prices, though stronger export expectations for whey and butterfat partly offset this for dairy 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.