National Ag News

The USDA has raised its 2017 milk production estimate.

The new projection is 217.5 billion pounds, up 100 million on the month and 5.1 billion pounds more than in 2016, with herd growth cancelling out a lower average production guess. The average annual price for all milk is seen at $17.80 to $18.40 per hundredweight, up $.10 on the low end and unchanged on the high end. Class III is estimated at $16.60 to $17.20, compared to $16.45 to $17.20 in February, and Class IV is expected to range from $14.85 to $15.55, compared to $15.10 to $15.90 last month, with all adjustments linked to product demand.

Continue reading USDA increases milk production outlook at Brownfield Ag News.