
USDA's January supply and demand report lowered milk production forecasts for 2019 and 2020. Fat-basis and skim-solids export forecasts were raised on strong cheese and nonfat dry milk demand, while cheese, butter and whey price forecasts were cut.
Lower US milk output and higher exports tighten dairy supplies, supporting milk prices and modestly reducing domestic dairy feed demand.
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.