
USDA's October supply and demand report raised its 2020 and 2021 milk production estimates on higher milk per cow and larger herds. It raised the 2020 all-milk price by $0.25 to $18.00 per hundredweight and set the 2021 all-milk price 55 cents higher at $17.60.
Rising milk output combined with higher forecast product prices points to a more supportive dairy outlook, though larger supplies can cap cheese and butter values. Feed buyers should expect steady-to-firmer dairy demand for feed rations.
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.