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.