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NMPF economist Peter Vitaliano says U.S. dairy farmers have had four tough years and 2019 shows some improvement but not enough to break the streak by itself. He points to supply-demand imbalances and unusual price relationships, and notes that the 2018 farm bill strengthened the safety net, renamed MPP-Dairy to Dairy Margin Coverage with a $9.50/cwt maximum margin.
Cheese is expected to drive dairy's 2019 trajectory, and stronger margin coverage supports farm income without directly lifting milk prices. Persistent oversupply keeps downward pressure on milk and dairy product prices.
agproud.comPeter Vitaliano2019年3月11日在过去 15 次中性的宏观事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.2%（27% 上涨；中间一半区间为 -2.1% 至 +0.1%），20 个交易日内为 -3.2%。
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。
