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USDA's February supply and demand report left 2020 milk production unchanged but lowered forecast cheese and butter prices on relatively weak demand. The 2020 Class III and Class IV prices were reduced, and the all-milk price was cut by 40 cents to $18.85 per hundredweight.
Lower USDA price forecasts for cheese and butter signal weaker dairy revenue for producers and softer feed-buying capacity for dairy herds, pressuring milk-linked demand for feed.
brownfieldagnews.comNicole Heslip11 Feb 2020Setelah 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.
