
USDA's November supply and demand report cut its 2021 and 2022 milk production forecasts on expectations of fewer cows and lower output per cow. Butter, nonfat dry milk and whey prices were raised for 2021, while cheese was lowered, and the 2021 all-milk price was raised five cents to $18.50 while 2022 rose $1.05 to $20.25.
Tighter expected milk supply and firmer product prices point to higher milk prices for dairy producers, with the 2022 all-milk forecast implying a sizable gain.
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.