
USDA's July 12 WASDE cut its 2021 milk production forecast by 300 million pounds to 228.2 billion and raised 2022 output to 231.6 billion pounds. Price forecasts for 2021 and 2022 were lowered on high stocks and weaker demand, with 2021 Class III at $16.80 per cwt.
Higher projected milk output and lower dairy product prices point to weaker milk prices ahead, reducing dairy farmers' capacity to pay for feed.
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.