
USDA's July World Agricultural Supply and Demand Estimates lowered 2022 and 2023 milk production forecasts on slower growth in milk per cow. The agency also raised 2022 butter prices on firm demand while lowering the cheese price forecast and the all-milk price to $26.15/cwt.
A USDA cattle report due July 22 was flagged to give a mid-year dairy cow inventory estimate.
Lower milk output forecasts support dairy prices, but a weaker cheese price forecast partly offsets that, so the net effect on milk prices is mixed.
Setelah 136 peristiwa laporan netral sebelumnya, Susu (Class III) bergerak median -0,1% selama 5 sesi (43% lebih tinggi; separuh tengah -0,7% sampai +0,5%), dan -0,3% 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.