US milk production in June rose year over year for the first time in seven months, driven by higher yields even as the herd remained smaller than a year earlier. Dairy commodity prices fell in recent weeks on concerns about demand later in the year.
EU milk collections reached their lowest level since December 2021.
A return to US milk output growth adds supply to a market that had been tight, weighing on dairy product and milk prices. Softer demand expectations reinforce the bearish price outlook.
Sau 273 sự kiện báo cáo giảm giá trước đây, Sữa (Class III) biến động trung vị -0,2% trong 5 phiên (tăng 39%; nửa giữa từ -1,3% đến +0,4%), và -1,4% trong 20 phiên.
Biến động benchmark của từng hàng hóa so với giá đóng cửa trước sự kiện. Số liệu lịch sử gộp các sự kiện cùng loại trong quá khứ; chúng mô tả điều đã xảy ra, không phải điều sẽ xảy ra. Không phải tư vấn đầu tư.
June milk production rose year over year for the first time in seven months and demand worries pushed dairy lower, a supply and sentiment driver.
Published Aug 2, it reports June US milk output rising year over year for the first time in seven months and demand fears pushing dairy lower, which are direct bearish supply and sentiment drivers for the move.
US June milk production rose year over year for the first time in seven months and demand fears pushed dairy commodities lower, adding supply and sentiment pressure.
Rising US June milk output and demand worries on Aug 2 weighed on dairy futures, a bearish supply/sentiment driver just ahead of the drop.