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Dairy farmers faced a December 20 deadline to enroll in the 2020 Dairy Margin Coverage program after the USDA extended it by a week. The US-China phase one trade deal, announced December 13, could affect both feed costs and milk income but its details were not yet available.
Phase one is expected to be signed in early January.
Changes to feed costs and export access for dairy could shift milk production and feed purchasing decisions in 2020. Until the deal's terms are published, the price effect on milk and feed remains uncertain.
agproud.comDave Natzke2019年12月17日在过去 18 次中性的贸易事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.4%（39% 上涨；中间一半区间为 -2.9% 至 +1.1%），20 个交易日内为 -3.0%。
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。
