National Ag News
Dairy production tempers while prices increase
The USDA has
raised its milk production forecast for this year but reduced it for next year
because of stronger expected milk per cow but a smaller herd.
In its September
supply and demand report, USDA forecast 2019 and 2020 cheese, nonfat dry milk,
and whey prices higher while butter prices were lowered.
The 2019 and
2020 Class III price was raised on higher cheese and whey prices and the Class
IV price was lowered as lower butter prices more than offset higher nonfat dry
milk prices.
The 2019 and
2020 all milk prices were increased a nickel to $18.35 and $18.85 per
hundredweight respectively.
Exports on a
fat basis exports for 2019 and 2020 were lowered because of weaker expected
demand globally for U.S.
Continue reading Dairy production tempers while prices increase at Brownfield Ag News.
