
USDA lowered its 2021 and 2022 US milk production estimates on expectations of fewer cows and lower milk per cow. The September report also raised butter, cheese and nonfat dry milk estimates on improving demand, and raised the 2021 all-milk price forecast by 20 cents to $18.15/cwt and the 2022 forecast by 55 cents to $18.40/cwt.
Tighter milk output and higher dairy product prices point to firmer dairy prices and better margins, which can support demand for dairy-linked feed ingredients such as DDGS and reduce pressure on dairy herd feeding.
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.