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USDA's October WASDE raised its 2019 and 2020 milk production forecasts on higher cow numbers and stronger milk per cow. The 2020 all-milk price was held at $18.85/cwt, with the Class III price raised and the Class IV price lowered.
Import forecasts for 2020 were cut on newly announced additional tariffs on some EU dairy products.
Higher expected milk output weighs on dairy prices, while the tariff-related import cut tightens the market for some dairy products. The mixed Class III and Class IV revisions point to uneven price effects across dairy products.
blogs.extension.iastate.edu2019年10月11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。
