
USDA's delayed December 2018 data show U.S. milk production rose 0.9% year over year to 217.5 billion pounds, with cow numbers down for a fourth straight month. Milk production per cow averaged 23,173 pounds in 2018, up 232 pounds from 2017.
Milk prices were lower, and MPP-Dairy margin payments were set for insured producers at the $8/cwt level.
Slowing milk output and a shrinking herd tighten supply over time, but lower milk prices in the near term reflect weak demand and surplus butterfat. This weighs on Class III milk values and feed demand from dairy herds.
Setelah 273 peristiwa laporan bearish sebelumnya, Susu (Class III) bergerak median -0,2% selama 5 sesi (39% lebih tinggi; separuh tengah -1,3% sampai +0,4%), dan -1,4% 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.