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Dairy economist Bob Cropp expects the Class III milk price to rise about $2.40 in June to around $16.30, after bottoming at $13.89 in February. USDA data showed US cow numbers down 0.9% year over year and milk per cow below trend.
Lower milk output is cutting butter, cheese and dry whey production.
Shrinking herd and milk supply tighten dairy product output and support higher milk prices, with forecasts pointing toward about $18 Class III by fall. Dairy feed buyers should expect firmer milk-price signals.
farmprogress.comFran O'Leary2019. 7. 1.과거 상승 보고서 이벤트 237건 이후, 우유 (Class III)은 5거래일 동안 중앙값 +0.0% 변동(상승 51%; 중간 50% 범위 -0.3%~+0.6%), 20거래일 동안 +1.2%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Cropp's forecast of Class III reaching $18 this fall, backed by a smaller herd and weaker cheese and whey output, supports bullish supply-side sentiment.
Supply-side bullish outlook (cow numbers down 0.9%, lower cheese and whey output, Class III forecast to rise toward $18) supports rallying futures and sentiment, though it was published two days before the move.
