U.S. dairy exports are nearing record levels as Mexican demand for dairy products continues to exceed that country's production. November cold storage data showed butter stocks fell 20.2% from October to 213.5 million pounds, the largest two-month decline since 2021.
Total cheese inventory also fell for an eighth straight month.
Strong export pull and falling butter and cheese stocks tighten U.S. dairy supplies, supporting milk prices.
Setelah 41 peristiwa perdagangan bullish sebelumnya, Susu (Class III) bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,3% sampai +8,1%), dan +1,1% 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.
Cold storage data showing a 20.2% monthly drop in butter stocks and eight straight months of lower cheese inventories, plus near-record Mexican export demand, tightened the supply picture and supported Class III futures.