
USDA's December WASDE left 2019 and 2020 milk production estimates unchanged at 218.6 and 222.4 billion pounds. The 2019 all-milk price was held at $18.60 per cwt, while the 2020 all-milk price forecast was raised 55 cents to $19.40.
Higher 2020 Class III and Class IV forecasts reflect gains in most product prices except butter.
A higher 2020 milk price forecast signals firmer dairy demand and stronger farm-level margins, which can support dairy-cow feed demand and related ingredient prices.
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.