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U.S. dairy exports are nearing record levels as Mexican demand for dairy products continues to exceed that country's production. November cold storage data showed butter stocks fell 20.2% from October to 213.5 million pounds, the largest two-month decline since 2021.
Total cheese inventory also fell for an eighth straight month.
Strong export pull and falling butter and cheese stocks tighten U.S. dairy supplies, supporting milk prices.
farmersadvance.comLee Mielke2025年1月1日在过去 41 次看涨的贸易事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.1%（49% 上涨；中间一半区间为 -1.3% 至 +8.1%），20 个交易日内为 +1.1%。
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。
Cold storage data showing a 20.2% monthly drop in butter stocks and eight straight months of lower cheese inventories, plus near-record Mexican export demand, tightened the supply picture and supported Class III futures.
