
USDA's June WASDE raised 2021 and 2022 US milk production estimates by 600 million and 800 million pounds respectively, citing higher cow numbers. The Class III price forecast was cut to $17.45 per cwt on lower cheese prices, while butter, nonfat dry milk and whey price forecasts were raised.
Higher production forecasts with a lower Class III outlook signal ample milk supply, bearish for milk-based feed ingredients, though higher butter and powder forecasts partly offset this.
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.