USDA Revises Dairy Outlook

August 18, 2009 07:00 PM
 
USDA released its monthly dairy outlook today, projecting that the U.S. all-milk price for the fourth quarter of 2009 will range from $12.50 to $13.20/cwt. U.S. cow numbers should also fall to 9.035 million head.
 
USDA expects culling to continue into next year, projecting cow numbers to decline another 65,000 head to 8.970 million in the first quarter. The all-milk price range is expected to climb to $13.55 to $14.55. For the year, the all-milk price is expected to average $14.85 to $15.85 next year, finally approaching break-even for the most efficient producers.
 
The agency is also expected milk production to decline from 188.8 billion lb. in 2008 to 186.4 billion lb. this year to 185.2 billion lb. in 2010. For the full report, go to: www.ers.usda.gov/publications/ldp/xlstables/dairyforecasts.xls

Back to news


 

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close