The Iowa State outlook reports the USDA WASDE raised the 2021 all-milk price forecast to $17.75 per cwt. Butter, nonfat dry milk and whey price forecasts were raised, while cheese was unchanged and milk production was trimmed slightly.
A higher forecast milk price points to firmer dairy product demand, which supports dairy feed buying. The change is modest and the report was already partly reflected in markets.
Setelah 237 peristiwa laporan bullish sebelumnya, Susu (Class III) bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -0,3% sampai +0,6%), dan +1,2% 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.