
USDA's April WASDE trimmed its 2019 US milk production forecast by about 200 million pounds to 219.5 billion pounds, citing slower milk-per-cow growth despite more cows. It raised the cheese price forecast while cutting butter, nonfat dry milk and whey, leaving the 2019 Class III midpoint at $15.35/cwt and Class IV at $16.05/cwt.
A smaller milk supply and firmer cheese prices support Class III and all-milk prices, while weaker butter and powder forecasts cap Class IV. Buyers of dairy-based feed should expect modest firmness in milk 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.