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The USDA's November WASDE raised its 2024 US milk production forecast by 200 million pounds to 226 billion pounds, while keeping 2025 output unchanged at 227.7 billion pounds. The agency lowered its 2024 butter price forecast and raised NDM and whey prices, leaving the Class III forecast at $19.05/cwt and Class IV at $20.75/cwt.
A higher production estimate and lower butter prices point to ample dairy supply, which is mildly bearish for milk prices and dairy-derived feed ingredients, while stronger NDM and whey demand partly offsets this.
agproud.comAudrey Schmitz2024年11月11日在过去 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。
