Tuesday, January 26, 2010

Dairy News from the MPI


Milk Prices Project Improvement in 2010
Boise--USDA reports that All-Milk price is expected to average in the range of $16.20 to $17 in 2010, a vast improvement from $12.79 in 2009. In its Livestock, Dairy and Poultry Outlook released yesterday; USDA also expects dairy exports to rebound, though not quite to the level of 2008’s record volume. Domestic consumption of dairy products should also climb 1%. But the USDA expects dairy cow numbers to dip below 9 million head in 2010 as farms downsize in the aftermath of the 2009 economic downturn.

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