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The USDA announced the November Federal order Class III milk benchmark at $14.44 per cwt, down $1.09 from October and $2.44 below November 2017. It is the lowest Class III price since July 2018 and the lowest November price since 2009.
California producers received their first Federal order Class III and IV prices.
Falling Class III prices reduce dairy producers' margins and signal weak demand for milk components, which can pressure dairy-based feed demand and sentiment. Futures pointed to further weakness into December.
thefencepost.comLee Mielke2018年12月14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。
