Milk production forecast was raised on lower cow inventories and slightly higher milk per cow in the latest World Agricultural Supplies and Demand Estimates report.
Imports were lowered on both a fat and skim-solids basis, primarily due to additional duties placed on imported dairy products, in particular imports of butter fats and milk protein products.
Exports on a skim-solid basis were reduced primarily on lower shipments of dried skim milk products and whey products. Exports on a fat basis were raised on higher expected shipments of butter.
Prices for butter, cheese, nonfat dry milk, and whey were all lowered for 2025 on recent prices and higher expected milk supplies. Class III prices were less because of lower cheese and whey prices. Class IV prices were lowered on reduced butter and nonfat dairy milk prices. The all-milk price is projected to be reduced at $21.10 per hundredweight. In March it was at $21.60 per CWT. A year ago, it was $22.61 per CWT.
Dave Bergmeier can be reached at 620-227-1822 or [email protected].
