The USDA is projecting a $3.25 rise
in milk prices from 2018 levels and the milk supply to increase by 15 percent
over the next decade.
In the agency’s Long-term Projections
Report, USDA says by 2028 the all milk price could rise to $19.65 per hundredweight.
The milk herd is expected to remain
mostly steady, only adding 65,000 milking cows, with the average per cow
production up 14 percent to 26,530 pounds.
Continue reading USDA sees long-term improvement in milk prices at Brownfield Ag News.
