USDA's June WASDE projected milk prices rising for the rest of 2018 and into 2019, with the all-milk price targeted at $16.60 to $17.00 per cwt for the next six months. The Class III price is set to rise on stronger whey prices.
Milk production forecasts were trimmed on lower cow numbers and slower output per cow.
Higher projected US milk prices and lower production point to firmer dairy markets, which supports the price of dairy by-products used in feed.
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.