Friday, March 29, 2024

US Milk Production forecast decreases

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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.
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 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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