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USDA's December WASDE kept 2019 and 2020 milk production forecasts at 218.6 and 222.4 billion pounds. Cheese and butter price forecasts for 2019 were lowered, while NDM and whey prices were raised on stronger export demand.
The 2019 Class III average was cut to $16.95 per cwt, and the 2020 average was raised 15 cents to $17.65.
Higher NDM and whey forecasts on export demand point to firmer dairy by-product values, while the lower 2019 Class III price reflects weaker cheese and limits milk price strength.
leadertelegram.comLee Mielke2019年12月18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。
