The June WASDE lowered the 2018 milk production forecast on slightly fewer cows and slower growth in output per cow. USDA raised the 2018 Class III price on stronger whey prices and raised both Class III and Class IV prices for 2019.
Fat-basis exports were raised for 2018 despite Mexico's tariffs on US cheese.
A smaller US milk output forecast and higher price projections point to firmer dairy prices, which supports the cost of dairy feed and by-product inputs.
Setelah 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.