
The US butter market is moving from abundance to scarcity as dairy herd numbers fell by about 85,000 head between May and September. Reduced milk output is cutting butter production and drawing down inventories, pushing prices higher.
Lower herd size and shrinking butter stocks support higher dairy prices into 2022, which tightens milk-based byproduct supply for feed buyers.
Setelah 20 peristiwa makro bullish sebelumnya, Susu (Class III) bergerak median +0,1% selama 5 sesi (55% lebih tinggi; separuh tengah -0,1% sampai +2,4%), dan +2,4% 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.