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The June WASDE lowered the 2018 milk production forecast on slightly fewer cows and slower growth in output per cow. USDA raised the 2018 Class III price on stronger whey prices and raised both Class III and Class IV prices for 2019.
Fat-basis exports were raised for 2018 despite Mexico's tariffs on US cheese.
A smaller US milk output forecast and higher price projections point to firmer dairy prices, which supports the cost of dairy feed and by-product inputs.
blogs.extension.iastate.edu2018年6月19日在过去 237 次看涨的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -0.3% 至 +0.6%），20 个交易日内为 +1.2%。
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。
