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USDA's January supply and demand report raised its 2020 and 2021 US milk production estimates and lifted 2021 cheese, butter, nonfat dry milk and whey price forecasts on strong domestic demand. The 2021 all-milk price was raised by $1.05 to $17.65 per hundredweight.
A higher all-milk price forecast supports dairy margins and dairy herd economics, which can support demand for dairy by-products used in feed.
brownfieldagnews.comNicole Heslip12 Jan 2021Setelah 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.
