Milk Price Prospects Falling

Prices for milk and milk products are expected to be down in 2018 in comparison to 2017, that according to the USDA.

Outlook Board Chair Seth Meyer said there are a lot of factors.

“Slower growth in milk per cow and when we look out further, an expectation of a little bit lower growth in cow numbers based upon some changes in product prices.”

There are also concerns over demand of whey, cheese and other milk-based products.

Projected milk output is also down 400 million pounds compared to the original forecast from November.

USDA forecasts the all-milk price to be $17.05 per hundredweight, down 60 cents from 2017 and all milk products will be down in 2018.