
The USDA's August report reduced 2019 and 2020 milk production forecasts on a smaller herd and slower per-cow growth. It raised 2019 cheese, butter and whey prices, lowered nonfat dry milk prices, and cut 2020 product price forecasts.
Export and import forecasts were adjusted for butter, milk protein concentrates and nonfat dry milk.
Lower projected US milk supply supports dairy prices, while weak nonfat dry milk demand and rising global competition limit gains in skim-solid products used in feed.
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.