Sep 30, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

USDA Forecasts More Milk, Lower Dairy Prices in 2012

April 10, 2012

The All-Milk Price estimate drops to $17.25-$17.75 per cwt.

USDA has raised its 2012 U.S. milk production estimate based on increased milk cow numbers and gains in milk per cow. p 16 ReThink Gram Negatives

In today’s World Agricultural Supply and Demand Estimates (WASDE) report, USDA projected U.S. milk output at 201.1 billion pounds this year, up from 199.7 billion pounds in last month’s forecast. It pegs 2011 milk production at 196.2 billion pounds.

USDA also raised its skim solids import forecast. It reduced the fat-basis export forecast on lower butter exports, but skim solids exports are projected higher on stronger nonfat dry milk sales. Ending stock forecasts are raised on both a fat and skim-solids basis. 

With higher forecast 2012 milk production and weaker-than-expected product demand, USDA lowered its price forecasts for cheese, butter, NDM and whey. As a result, both Class III and Class IV price forecasts are reduced from last month. USDA lowered its All-Milk price for 2012 to $17.25-$17.75 per cwt. That’s down from 2011’s All-Milk Price of $20.14 per cwt.

See Comments

RELATED TOPICS: Dairy, Milk, USDA, Dairy Products

Log In or Sign Up to comment


No comments have been posted



Receive the latest news, information and commentary customized for you. Sign up to receive Dairy Today's eUpdate today!



Market Data provided by
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions