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USDA lowered its 2019 milk production forecast on lower cow numbers and raised its forecasts for cheese, butter and nonfat dry milk prices, while whey prices were trimmed slightly. The all-milk price forecast is $17 to $17.60, roughly steady with the previous report.
Butterfat and skim-solids export forecasts were reduced.
Reduced milk output and higher product prices are supportive for milk prices and could improve farm-gate returns. Lower export forecasts partly offset this by leaving more product in the domestic market.
過去の強気なレポートイベント237件の後、牛乳(クラスIII) は5営業日で中央値 +0.0% 動き(51% が上昇。中央50%は -0.3% から +0.6%)、20営業日では +1.2% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。