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The November 2018 WASDE report lowered milk production forecasts for 2018 and 2019 on lower cow numbers. It also cut cheese, butter and Class III/IV price forecasts, and lowered the 2018 all-milk price to $16.20-$16.30 per cwt.
Smaller milk output and lower dairy price forecasts reduce expected dairy demand for feed, while weaker milk prices tighten dairy farm margins and may slow feed purchases.
blogs.extension.iastate.edu2018年11月9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。
