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Dairy economist Bob Cropp expects the Class III milk price to rise about $2.40 in June to around $16.30, after bottoming at $13.89 in February. USDA data showed US cow numbers down 0.9% year over year and milk per cow below trend.
Lower milk output is cutting butter, cheese and dry whey production.
Shrinking herd and milk supply tighten dairy product output and support higher milk prices, with forecasts pointing toward about $18 Class III by fall. Dairy feed buyers should expect firmer milk-price signals.
farmprogress.comFran O'Leary1 Jul 2019Setelah 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.
Cropp's forecast of Class III reaching $18 this fall, backed by a smaller herd and weaker cheese and whey output, supports bullish supply-side sentiment.
Supply-side bullish outlook (cow numbers down 0.9%, lower cheese and whey output, Class III forecast to rise toward $18) supports rallying futures and sentiment, though it was published two days before the move.
