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USDA Lowers Domestic Milk Output
WASHINGTON - Apr 8/05 - SNS -- U.S. domestic milk production forecast for 2004-05 is marginally reduced from last month to 172.6 billion pounds, according to the latest report from the USDA's World Agricultural Outlook Board.
Demand remains firm and price forecasts are raised. The forecast for Class III milk is raised to $13.95 to $14.35 per cwt and the Class IV price range is tightened to $12.40 to $13.00 per cwt. The all milk price is raised to $14.95 to $15.35 per cwt for 2004-05.
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