
The November WASDE raised US milk production estimates on higher milk per cow, and raised 2019 and 2020 cheese and nonfat dry milk price forecasts. Butter and whey forecasts were lowered, and the 2019 Class III average was projected at about $17.00/cwt.
Higher USDA milk output forecasts add supply to dairy markets, while upward cheese and NDM price forecasts support dairy margins. Lower butter and whey forecasts partly offset this.
Setelah 136 peristiwa laporan netral sebelumnya, Susu (Class III) bergerak median -0,1% selama 5 sesi (43% lebih tinggi; separuh tengah -0,7% sampai +0,5%), dan -0,3% 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.