
USDA's May WASDE raised its 2022 US milk production forecast by 400 million pounds to 226.7 billion pounds on higher cow inventories. Cheese and butter price forecasts were raised, while NDM and whey forecasts and the Class III and IV prices were lowered.
A larger milk supply forecast eases pressure on dairy prices, although firmer cheese and butter prices partly offset the effect. Feed buyers should expect the milk price outlook to soften slightly.
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.