
UW-Madison dairy experts report that the US dairy herd shrank to 9.333 million cows in May, down 0.9% year on year, with milk per cow below trend. Stocks of butter, cheese and powder are tightening, and they forecast better milk prices later in the year.
A shrinking herd and tighter dairy stocks point to firmer milk prices, which raises the value of milk relative to feed costs.
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.
A shrinking herd and tightening stocks of butter, cheese and powder, together with forecasts of better prices, support a supply-driven rally.