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USDA's September supply and demand report raised its 2019 milk production forecast but cut 2020 output because of a smaller herd, partly offset by higher milk per cow. Class III and all-milk prices were raised for 2019 and 2020, with all-milk at $18.35 and $18.85 per cwt.
A tighter herd and lower 2020 output point to firmer milk prices for dairy-based feed demand, though weaker butterfat exports temper the outlook.
brownfieldagnews.comNicole Heslip2019年9月12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。
