
Wisconsin dairy economist Bob Cropp expects the Class III milk price to average in the $14s in the first half of 2018. The Class III price peaked at $16.88 in November 2017 and fell to $15.45 in December.
USDA forecasts US milk production up 1.7% in 2018, and the article says strong domestic sales and exports are needed to support prices.
Expected strong milk output and falling Class III prices point to bearish dairy markets and weaker dairy farm margins through early 2018. Lower milk returns may restrain dairy herd feed purchases.
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.