USDA is forecasting milk production for this year and next higher as dairy farmers increase their herd size and milk per cow is expected to increase.
In its October supply and demand report, USDA forecasts butter and whey prices higher for 2018 and 2019 because of better demand but cheese lower because of large supplies. Class III prices were lowered for this year. Nonfat dry milk prices are expected to stay the same.
Continue reading USDA expects milk production to increase at Brownfield Ag News.
