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USDA's May supply and demand report raised 2020 milk production on higher cow numbers and expects fewer cows but more milk in 2021. Export and import forecasts were raised for skim solids and fat, and the 2020 all-milk price was set at $14.55 per cwt.
Class III was raised and Class IV lowered for 2020.
Higher milk output with firm export demand is a mixed signal for dairy prices, with Class III strength offset by lower Class IV. The 2021 forecast of higher prices supports the medium-term outlook for dairy-linked feed.
brownfieldagnews.comLarry Lee13 mei 2020Na 136 eerdere neutraal rapport-gebeurtenissen bewoog Melk (Class III) zich mediaan -0,1% over 5 sessies (43% hoger; middelste helft -0,7% tot +0,5%), en -0,3% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
