USDA cut its 2022 global milk production forecast by 3.38 million tonnes to 442.7 million tonnes, the first annual decline since 2004. The cut reflects heat-related losses in the EU, where the forecast was lowered by 4.45 million tonnes to a five-year low of 142.3 million tonnes.
Argentina's production was also trimmed as feed costs squeezed margins.
A first global milk output decline in 18 years, led by the EU, tightens dairy supplies and supports higher prices for dairy products and dairy-based feed inputs.
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.