The USDA's March 8 WASDE lowered its 2019 milk production forecast because of smaller expected dairy cow numbers. It raised the all-milk price forecast to $17.00 to $17.60 per cwt and raised the Class III and IV price forecasts.
Beef production was also cut, and cattle price forecasts were raised.
A smaller milk supply and higher product price forecasts point to firmer dairy prices, which supports the value of milk for dairy feed demand. Lower beef output and firmer cattle prices also tighten the livestock outlook.
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.
Setelah 268 peristiwa laporan bullish sebelumnya, Sapi Hidup bergerak median +0,3% selama 5 sesi (58% lebih tinggi; separuh tengah -0,7% sampai +1,4%), dan +1,7% 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.