From the USDA’s January 2010 “Livestock, Dairy & Poultry Outlook,” a report from the Economic Research Service (ERS). USDA projects 2009/10 corn and soybean meal prices at $3.40 to $3.85 a bushel and $265 to $315 per ton, respectively. The moderation in forecast feed prices compared with the last 2 years helps boost the milk/feed price ratio and the profit … Read More
USDA has Issued its Monthly Livestock, Dairy and Poultry Outlook
From the USDA’s newly released “Livestock, Dairy & Poultry Outlook,” a report from the Economic Research Service. Dairy: Persistent milk production, despite low, recessionary domestic demand and slow exports, is the basis for continued low prices this year. Recovery in prices is unlikely until 2010, when the decline in milk production, forecast for later this year and next, will impact … Read More
USDA Economic Outlook for Dairy
From the USDA‘s newly released “Livestock, Dairy & Poultry Outlook,” a report from the Economic Research Service. Dairy: Feed prices are expected to moderate slightly both this year and next. But milk supplies still lead demand, and exports are expected to be well behind the last two years. Consequently, prices will remain weak this year. A modest improvement in prices … Read More
ERS Predicts Milk Price May Raise Slightly
A small ray of sunshine for our country’s dairy farmers – the USDA’s Economic Research Service (ERS) has raised its predictions for milk prices. In its March “Livestock, Dairy and Poultry Outlook” report, ERS economists write, “As a result of higher cheese and butter prices than forecast earlier, the prices for Class III and Class IV milk have been raised … Read More