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US milk production in June rose year over year for the first time in seven months, driven by higher yields even as the herd remained smaller than a year earlier. Dairy commodity prices fell in recent weeks on concerns about demand later in the year.
EU milk collections reached their lowest level since December 2021.
A return to US milk output growth adds supply to a market that had been tight, weighing on dairy product and milk prices. Softer demand expectations reinforce the bearish price outlook.
czapp.comHighGround Dairy2 ago 2022Dopo 273 eventi rapporto ribassista passati, Latte (Classe III) si è mosso in mediana di -0,2% in 5 sedute (39% in rialzo; metà centrale da -1,3% a +0,4%), e di -1,4% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
June milk production rose year over year for the first time in seven months and demand worries pushed dairy lower, a supply and sentiment driver.
Published Aug 2, it reports June US milk output rising year over year for the first time in seven months and demand fears pushing dairy lower, which are direct bearish supply and sentiment drivers for the move.
US June milk production rose year over year for the first time in seven months and demand fears pushed dairy commodities lower, adding supply and sentiment pressure.
Rising US June milk output and demand worries on Aug 2 weighed on dairy futures, a bearish supply/sentiment driver just ahead of the drop.
