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The USDA's July WASDE cut its 2017 US milk production forecast by about 400 million pounds to 216.3 billion pounds and lowered its 2018 forecast by 500 million pounds. Projected 2017 and 2018 Class III prices were reduced in line with lower cheese and whey values, while Class IV prices were raised on higher butter prices.
Lower Class III forecasts signal weaker prices for cheese-based milk, which weighs on the Class III milk price used for dairy-based feed pricing. The smaller supply forecast partly offsets this, so the net effect is a modest bearish signal.
agproud.comDave Natzke2017/07/19過去の弱気なレポートイベント273件の後、牛乳(クラスIII) は5営業日で中央値 -0.2% 動き（39% が上昇。中央50%は -1.3% から +0.4%）、20営業日では -1.4% 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。
