
U.S. average all-milk price hit a 12-month high of $17.60 per cwt in November 2016, and the margin over feed cost also reached a 12-month high. Lower feed costs helped the margin, with corn at $3.23/bu and alfalfa at a 70-month low.
Based on futures, margins were projected at $10.50-$11 per cwt through the first half of 2017.
Higher milk prices combined with lower feed costs widen dairy farm margins, which can support continued milk production and demand for 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.