Milk production forecast is raised, higher product prices

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

The milk production estimate for 2010 and forecast for 2011 are raised from last month. Supply and use estimates for 2010 are adjusted to reflect production and stock estimates for December. Milk production is forecast higher for 2011 based on higher-than-expected January 1 dairy cow and dairy replacement heifer estimates. Import and export forecasts are unchanged from last  month.

Product prices are forecast higher this month. Strong international demand, coupled with  improving domestic demand is expected to help support prices. Butter prices are also benefitting from tight beginning stocks. Class III and Class IV price forecasts are raised to reflect higher  product prices. The all milk price is forecast to average $17.70 to $18.40 per cwt for 2011.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Kuhn SR 100 GII SpeedRakes®

The best just got better with the Kuhn SR 100 GII SpeedRakes. Refined styling, higher strength materials and improved options ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight