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Dairy margins weakened in late July as milk prices were flat and projected feed costs rose. USDA reported June milk production up 0.17% year on year, the first annual increase since October 2021, while the milking herd remained 78,000 head lower than a year earlier.
Slightly higher milk output and firm feed costs squeeze producer margins, and corn was bid higher on drought and heat forecasts, which adds cost pressure for dairy feeders.
dairyproducer.comTanya Eadie2022年8月2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%。
在过去 1,040 次看涨的报告事件之后，玉米 在 5 个交易日内中位数变动 +0.5%（62% 上涨；中间一半区间为 -0.9% 至 +2.0%），20 个交易日内为 +0.8%。
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。
USDA data showing June milk production up year over year, the first rise since October 2021, adds supply pressure to Class III futures.
