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USDA's delayed December 2018 data show U.S. milk production rose 0.9% year over year to 217.5 billion pounds, with cow numbers down for a fourth straight month. Milk production per cow averaged 23,173 pounds in 2018, up 232 pounds from 2017.
Milk prices were lower, and MPP-Dairy margin payments were set for insured producers at the $8/cwt level.
Slowing milk output and a shrinking herd tighten supply over time, but lower milk prices in the near term reflect weak demand and surplus butterfat. This weighs on Class III milk values and feed demand from dairy herds.
agproud.comDave Natzke2019年2月21日在过去 273 次看跌的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.2%（39% 上涨；中间一半区间为 -1.3% 至 +0.4%），20 个交易日内为 -1.4%。
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。
