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USDA's April milk production report showed output only 0.6% above a year earlier, with cow numbers nearly flat and milk per cow below trend. Several major dairy states posted declines while some western and southern states rose.
A dairy economist expects the Class III price to reach the mid-to-high $16s by July, with dairy exports rising.
Slower production growth and rising exports support Class III milk prices, though higher feed costs limit margin gains.
farmprogress.comFran O'Leary2018年6月1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%。
在过去 1,102 次看跌的报告事件之后，玉米 在 5 个交易日内中位数变动 -0.2%（47% 上涨；中间一半区间为 -1.8% 至 +1.3%），20 个交易日内为 +0.0%。
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。
USDA's April report showed milk output only 0.6% above a year earlier with flat cow numbers, and an economist expects Class III to climb into the mid-to-high $16s, a supply-tightness and bullish-sentiment driver; it is dated 2018-06-01, so it may have reflected rather than caused the move.
