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California, which produces about 20% of U.S. milk, is recovering from a drought-related output decline that persisted from late 2014 until October 2016. Farm milk prices fell 30% in 2015, dipped further in 2016, then recovered from June 2016.
Rising late-2016 prices are helping return California's dairy production to positive growth.
A recovering California milk supply adds to U.S. milk availability, which tempers the upside from firmer prices.
ers.usda.gov2017年1月10日在过去 42 次天气事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.2%（52% 上涨；中间一半区间为 -0.9% 至 +2.5%），20 个交易日内为 +2.0%。
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。
