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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年7月1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。
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.
