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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'Leary1 Tem 2019237 geçmiş yükseliş yanlı rapor olayları olayından sonra, Süt (Class III) 5 seansta medyan +%0,0 hareket etti (%51 daha yüksek; orta yarı %-0,3 ile +%0,6 arası) ve 20 seansta +%1,2.
Her emtianın referansının olaydan önceki son kapanışa göre hareketi. Geçmiş okumalar aynı türdeki geçmiş olayları birleştirir; neyin olduğunu anlatır, neyin olacağını değil. Yatırım tavsiyesi değildir.
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.
