
USDA's preliminary September Milk Production report put US output at 18.0 billion pounds, up 2.3% from a year earlier and the largest gain since March. It is the first year-on-year increase in three years, with rising output per cow and cow numbers across major states.
Expanding US milk output is bearish for dairy prices and may keep dairy farm margins under pressure. Higher milk supply also supports feed demand from larger herds.
Setelah 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.