Wednesday, July 6, 2022

US Milk Production forecast decreases

The milk production forecast for the US for 2014 has been reduced as relatively weak milk-to-feed ratios in the third and fourth quarter of 2013 are expected to slow production growth in the first half of 2014.

 Despite the reduction in the forecast, milk production in 2014 is still expected to grow by 1.3% relative to expected output in 2013.  The milk production forecast for 2013 is unchanged at 201.8 billion pounds, a 0.7% increase on 2012.

 

The Class III price forecast is unchanged, but the Class IV price is lowered. The all milk price is forecast at $19.60 to $20.00 per cwt for 2013 and $18.95 to $19.95 for 2014.

 

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