For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.
Continue reading “WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast”
For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.
Continue reading “WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast”
Continue reading “WASDE Report Lowers Production and Price Forecast”
Yesterdays WASDE report has milk production forecasts for both 2018 and 2019 lowered from last month on slower than anticipated growth in milk per cow and lower cow numbers. Although tempered by lower expected feed costs, lower milk prices will likely weaken producer margins, resulting in lower cow numbers and slower growth in milk per cow. USDA’s Cattle report, to be released on July 20th, will provide a midyear estimate of dairy cow and dairy replacement heifer inventories.
Continue reading “WASDE Lowers Production And Price Estimates”
The World Agricultural Supply and Demand Estimates release June 12 forecast milk production for 2018 down from last month on slightly lower cow numbers and slower expected growth in milk per cow.
Continue reading “WASDE Outlook Predicts Higher Milk Prices”
The milk production forecast for 2018 is raised from last month on more rapid growth in milk per cow in the first half of the year in the March WASDE report.
The milk production forecast for 2018 is lowered from last month on expectations of slower growth in milk per cow. The 2018 fat basis export and import forecasts are unchanged from the previous month. On a skim-solids basis, the import forecast is raised slightly while the export forecast is raised on strong global demand for skim milk powder, lactose, and whey products. The 2017 production, trade, and stock estimates are adjusted to reflect December data.
The milk production forecast is lowered for 2017 on slower growth in milk per cow. The slower growth in milk per cow is expected to carry into 2018 and combined with an expected slower rate of growth in cow numbers, the 2018 milk production forecast is lowered- that was the good news.
Continue reading “December WASDE Report Sees Gloomy Forecast For Dairy”
The milk production forecast for 2017 and 2018 was lowered from the previous month on an expected slower pace of growth in milk per cow and slightly lower cow numbers. For 2017, the fat basis import forecast is lowered on recent trade data and the expectation of slower cheese imports in the fourth quarter; the forecast is raised for 2018 on higher expected shipments of whole milk powder and butter.
Continue reading “November WASDE Report Shows Corn Bushels Up And Milk Down”
Continue reading “Oct WASDE Report Predicts Milk Production Up, Cow Numbers Down for 2018”