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Lee Mielke reports that USDA cut its 2022 and 2023 milk production estimates in the June WASDE. Price forecasts for cheese, butter and nonfat dry milk were raised, while the whey forecast was lowered.
Cheese is now projected at $2.1950/lb for 2022 and butter at $2.7650/lb.
Lower milk output combined with higher product price forecasts points to firmer dairy prices and stronger Class III and IV milk values. Dairy demand for feed ingredients should remain steady.
farmers-exchange.net2022年6月24日在过去 237 次看涨的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -0.3% 至 +0.6%），20 个交易日内为 +1.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
