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Little Change in Milk Situation
WASHINGTON - Jan 12/06 - SNS -- U.S. domestic milk supply and use forecasts for 2005 and 2006 are little changed from last month in updated supply and demand forecast released by the USDA's World Agricultural Outlook Board.
Whey and butter price forecasts are changed fractionally from last month, but the Class III and Class IV milk price forecasts are unchanged. The all milk price forecast for 2006 is raised slightly to $13.40 to $14.20 per cwt.
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