Memuat…
USDA's February WASDE raised its 2021 US milk production forecast to 227.4 billion pounds, up 700 million from the prior month, with 2020 output estimated at 223.1 billion pounds. The agency cut its 2021 all-milk price forecast by about $1.15/cwt versus 2020, mainly on lower Class III prices, and expects higher feed costs.
Dairy cow numbers near a 25-year high point to more milk supply, which pushes Class III and all-milk prices lower and weighs on dairy-linked demand for feed. Higher expected feed costs squeeze the margin for buyers of feed ingredients.
agproud.comDave Natzke10 Feb 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.
Setelah 1.040 peristiwa laporan bullish sebelumnya, Jagung bergerak median +0,5% selama 5 sesi (62% lebih tinggi; separuh tengah -0,9% sampai +2,0%), dan +0,8% 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.
