
USDA raised its 2021 U.S. milk production estimate by 200 million pounds to 227.9 billion, citing higher cow inventories and gains in milk per cow. The agency also issued a first 2022 forecast of 230.3 billion pounds.
The 2021 Class III price was pegged at $17.70 per cwt, up 60 cents from the prior month.
A larger projected milk supply in 2021 and 2022 points to heavier dairy product availability, which is bearish for milk prices. Higher feed costs could limit herd growth, though the near-term supply outlook is still expanding.
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.