
USDA's October WASDE lowered its 2021 U.S. milk production estimate for the fourth consecutive month, citing fewer dairy cows and lower output per cow. The 2022 production estimate was also cut, and cheese, nonfat dry milk and whey price forecasts were raised.
Tighter milk supplies and higher dairy product price forecasts point to firmer milk prices, while lower dairy output reduces byproduct supply such as whey for feed.
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.