Milk prices projected slightly lower

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

Milk price estimates for 2013 dropped slightly in the USDA’s latest “World Agricultural Supply and Demand Estimates” report.

The report, released on Thursday, showed that Class III milk prices are expected to average $17.65 to $17.95 per hundredweight this year, compared to last month’s estimate of $17.80 to $18.20. The all-milk price is expected to average $19.50 to $19.80.

“Despite weaker forecast milk prices, forage supplies and feeding margins will likely continue to support modest gains in milk production,” the USDA explained in the report.

The expected corn price was left unchanged from last month. The range is projected to be $4.40 to $5.20 per bushel in the marketing year that begins Sept. 1

Read the report here.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


RX7320

When moving hay to feed dairy cows, farmers are seeking a versatile tractor. KITOI’s new Tier 4 RX series tractors ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight