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The USDA's November 2024 Dairy Product Production Report showed cheese output down 33 million pounds from expectations, the largest drop since January 2024. Butter and nonfat dry milk output rose above forecasts, and California milk output fell a record 9.2% year on year.
Lower cheese output and a sharp drop in California milk supply tighten milk availability, while higher butter and powder output adds to ingredient supply. The net price effect is mixed.
thebullvine.comAndrew Hunt2025年1月6日在过去 136 次中性的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.1%（43% 上涨；中间一半区间为 -0.7% 至 +0.5%），20 个交易日内为 -0.3%。
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。
Published 2025-01-06, the November report showed cheese output 33 million lbs below expectations and California milk output down a record 9.2%. This tighter cheese supply supports Class III futures.
