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US milk output keeps rising, and USDA data show February butter, cheese and nonfat dry milk production was the highest ever for that month. Foodservice demand is recovering as restaurants reopen with more seating, easing some of the pressure.
USDA also plans to launch a Dairy Donation Program that reimburses processors for donating surplus milk.
Heavy milk supply relative to demand keeps dairy product and Class III milk prices under pressure. Recovering foodservice demand limits the downside, so the price effect is modest.
weau.comAmie Winters16 Apr 2021Setelah 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.
