
The USDA Economic Research Service cut its 2022 all-milk price forecast by 95 cents to $25.20 per cwt and its 2023 forecast by $1.65 to $22.50. The cut follows higher-than-expected summer milk output, with July production up 0.2 percent year on year.
Class III and Class IV price forecasts for 2022 were also lowered.
Higher milk output and lower price forecasts signal weaker dairy margins ahead. Lower milk prices reduce the profitability of dairy farms and may eventually lower feed demand.
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.