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USDA Dairy Outlook: Decreasing Feed Costs and Lower Milk Prices
date:Jul 23, 2013
higher stocks, price prospects for NDM reflect continued strong export demand for dry milk products and reduced supplies from the European Union. The NDM price is projected at $1.615-$1.645 per pound, an increase from last month for the current year, and at $1.585-$1.655 per pound next year, unchanged from June. Whey prices are unchanged from the June forecast at 58.5-60.5 cents per pound this year and 56.5-59.5 cents per pound for 2014.

Class III milk prices were lowered slightly in July to $

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