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