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USDA raised its milk production forecast for 2019 and 2020 because of stronger milk per cow and higher cow numbers. The 2019 all-milk price was raised five cents to $18.40/cwt, and the 2020 price was unchanged at $18.85/cwt.
Cheese and nonfat dry milk price forecasts were raised, while butter and whey were reduced.
Expanded milk supply is a bearish factor for dairy prices, but firmer cheese and powder prices offset part of that pressure. The net result is a stable 2020 all-milk outlook.
brownfieldagnews.comNicole Heslip2019年10月10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。
