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The National Milk Producers Federation's chief economist says the dairy industry is rebalancing after USDA's February supply and demand report. USDA lowered 2018 and 2019 milk production on fewer dairy cows and slower per-cow gains, and raised the 2019 all-milk price forecast to $16.90 to $17.65 per cwt.
A smaller cow herd and lower milk output forecasts point to tighter supply and firmer milk prices. Higher butter and nonfat dry milk price forecasts support the Class IV outlook.
brownfieldagnews.comNicole Heslip11 Feb 2019Setelah 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.
