
USDA's April milk production report showed output only 0.6% above a year earlier, with cow numbers nearly flat and milk per cow below trend. Several major dairy states posted declines while some western and southern states rose.
A dairy economist expects the Class III price to reach the mid-to-high $16s by July, with dairy exports rising.
Slower production growth and rising exports support Class III milk prices, though higher feed costs limit margin gains.
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.
Setelah 1.102 peristiwa laporan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,8% sampai +1,3%), dan +0,0% 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.
USDA's April report showed milk output only 0.6% above a year earlier with flat cow numbers, and an economist expects Class III to climb into the mid-to-high $16s, a supply-tightness and bullish-sentiment driver; it is dated 2018-06-01, so it may have reflected rather than caused the move.