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USDA's August Livestock, Dairy, and Poultry Outlook kept its 2026 milk production forecast at 236.6 billion pounds but lowered the all-milk price forecast on weaker butter and nonfat dry milk prices. The June dairy herd rose to 9.677 million cows, 192,000 more than a year earlier, and USDA now projects 2027 all-milk at $19.80/cwt.
A growing herd and higher output add supply, keeping milk prices under pressure and capping dairy-driven demand for feed; the lower price outlook narrows producer margins.
在过去 273 次看跌的报告事件之后,牛奶(III类) 在 5 个交易日内中位数变动 -0.2%(39% 上涨;中间一半区间为 -1.3% 至 +0.4%),20 个交易日内为 -1.4%。
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。