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Stronger U.S. Dairy Price Outlook
WASHINGTON - Nov 9/06 - SNS -- U.S. domestic dairy markets are expected to put in a stronger performance in 2006-07 than initially thought, according to the latest forecasts from the USDA's World Agricultural Outlook Board.
Prices for 2007 dairy products are raised as growth in supplies of dairy products will be slower than last month and demand is expected to remain firm.
Forecasts for Class III and IV and all milk prices for 2006 and 2007 are raised to reflect higher product prices. The all milk price for 2006 is forecast at $12.80 to $12.90, and the price forecast for 2007 is raised to $13.40 to $14.30.
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