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USDA's November supply and demand report cut its 2018 and 2019 milk production forecasts due to lower cow numbers, partly offset by higher output per cow. It lowered butter and cheese price forecasts for 2018 and cut the 2018 all-milk price range to $16.20-$16.30, down 5 to 15 cents.
Lower projected milk output combined with weaker cheese and butter prices points to a bearish outlook for Class III milk and dairy product values, which affects dairy-based feed demand and sentiment for MILK futures.
brownfieldagnews.comNicole Heslip2018年11月8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。
