
USDA raised its 2017 US milk production forecast by 200 million pounds to 216.2 billion pounds and its 2018 forecast by 300 million pounds to 220.4 billion in the October WASDE. Expected butter and nonfat dry milk prices were lowered on large supplies, while the cheese price forecast was raised.
Higher US milk output and larger dairy supplies point to softer butter and powder prices, partly offset by firmer cheese demand. Dairy feed buyers should expect ample byproduct supply.
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.