date:Oct 10, 2012
mber after the worst drought in 56 years hurt crops, according to the average of as many as 30 analyst estimates in a Bloomberg survey. The USDA is scheduled to update its estimates on Oct. 11.
California Costs
It cost California farmers about $18.22 to produce 100 pounds of milk in the second quarter, and the average price was about $13.91, Marsh estimates. There were 1,675 dairies in California last year, government data show, and about 100 may close in 2012, he said.
Producers in Californi