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Data from USDA AMS showed negative producer price differentials across the seven multiple-component pricing orders totaled -$528 million in June 2020, the largest in California. Mass de-pooling of milk and a 2018 farm bill formula change contributed to the record negative PPDs.
Record negative PPDs lower the effective farm-gate milk price and signal disruption in the pool, which can reduce dairy herd size and feed buying over time.
aginfo.net2020年8月5日在过去 24 次看跌的政策事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.1%（33% 上涨；中间一半区间为 -1.8% 至 +0.5%），20 个交易日内为 -4.6%。
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。
