The NMPF forecast says the US all-milk price fell $0.40 to $18.50 per hundredweight from January to February. Milk prices have been pressured by rising US milk and cheese output and weak global nonfat dry milk markets, and CME block cheese fell nearly $0.50 from its February high.
USDA expects 2017 all-milk prices between $17.80 and $18.40.
Expanding milk and cheese output and weak powder prices point to lower dairy values, which reduces prices for dairy-based feed ingredients.
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.