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USDA's December WASDE left 2019 and 2020 milk production estimates unchanged at 218.6 and 222.4 billion pounds. The 2019 all-milk price was held at $18.60 per cwt, while the 2020 all-milk price forecast was raised 55 cents to $19.40.
Higher 2020 Class III and Class IV forecasts reflect gains in most product prices except butter.
A higher 2020 milk price forecast signals firmer dairy demand and stronger farm-level margins, which can support dairy-cow feed demand and related ingredient prices.
agproud.comDave Natzke2019年12月11日在过去 237 次看涨的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -0.3% 至 +0.6%），20 个交易日内为 +1.2%。
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。
