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USDA's Agricultural Prices report put the June all-milk price at $18.10 per cwt, up $4.50 from May. The June DMC margin was $9.99 per cwt, up $4.62, but record negative producer price differentials cut mailbox prices well below those margins.
Record negative PPDs reduce the milk checks farmers actually receive, which can curb herd investment and feed purchasing even when headline margins look strong.
centerfordairyexcellence.org2020年8月4日在过去 136 次中性的报告事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.1%（43% 上涨；中间一半区间为 -0.7% 至 +0.5%），20 个交易日内为 -0.3%。
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。
