
USDA's November supply and demand report cut its 2018 and 2019 milk production forecasts due to lower cow numbers, partly offset by higher output per cow. It lowered butter and cheese price forecasts for 2018 and cut the 2018 all-milk price range to $16.20-$16.30, down 5 to 15 cents.
Lower projected milk output combined with weaker cheese and butter prices points to a bearish outlook for Class III milk and dairy product values, which affects dairy-based feed demand and sentiment for MILK futures.
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.