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Virginia dairy officials say the pandemic closed restaurants and schools, which cancelled orders and left the US with about a 10% milk oversupply. About 5% of national milk was dumped in late March and early April.
Farmers were expected to feel the price pressure when April milk payments arrived in May.
A 10% oversupply is far larger than the usual 1-2% surplus and has pushed milk prices sharply lower. Cheese-linked pricing means the impact extends to processing demand and milk-based feed ingredients.
dnronline.comIAN MUNRO Daily News-Record2020年4月29日在过去 49 次看跌的宏观事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.6%（33% 上涨；中间一半区间为 -8.5% 至 +0.6%），20 个交易日内为 -7.5%。
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。
A roughly 10% oversupply and milk dumping signal a supply glut that pressures cheese and milk prices, with farmers expected to feel the price pressure when April milk payments arrive.
A roughly 10% oversupply with dumping and the expectation of price pressure in May payments point to a supply-demand imbalance pushing prices lower.
