
USDA lowered its 2021 and 2022 all-milk price forecasts to $18.30 and $18.50 per cwt, and cut most dairy product price forecasts. The agency cited weaker wholesale prices, stronger international competition, softer domestic demand and high stocks, with the midyear cheese stockpile at a record.
Heavy milk output and record cheese stocks point to lower dairy product and milk prices, which weakens the outlook for dairy-linked feed demand and cattle values.
Setelah 273 peristiwa laporan bearish sebelumnya, Susu (Class III) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -1,3% sampai +0,4%), dan -1,4% 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.