
The August Federal Order Class III milk price was announced at $14.95 per cwt, up 85 cents from July but $1.62 below August 2017 and the lowest August price since 2009. Milk availability tightened for cheese production in the Central US, while Western cheese output was steady.
July feed-to-milk price ratio fell to 1.91 from 1.98 in June as corn and soybean prices eased.
Low milk prices and a weak feed-to-milk ratio squeeze dairy margins and can reduce herd feed demand, while tighter Central US milk supply supports regional cheese prices.
Setelah 136 peristiwa laporan netral sebelumnya, Susu (Class III) bergerak median -0,1% selama 5 sesi (43% lebih tinggi; separuh tengah -0,7% sampai +0,5%), dan -0,3% selama 20 sesi.
Setelah 770 peristiwa laporan netral sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,1% sampai +1,6%), dan +0,7% 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.