Dairy Week In Review

USDA released its World Agricultural Supply and Demand Estimates report, projecting milk production to be lower in 2021 and 2022 with lower cow numbers and slower growth in production  per cow. Both Class III and Class IV milk price estimates were raised, with expectations for higher cheese, whey and butter prices. The 2021 all milk price forecast was raised 10 cents from last  month to $18.60 per cwt., with the 2022 all milk price increased to $20.75 per cwt., up 50 cents from November’s report. Read More