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First-Half 2018 Forecasts for Milk Show Mostly Year-Over-Year Production Increases with Lower Prices


With recent price declines in dairy products and continued high stock levels, the all-milk price for the fourth quarter of 2017 is $17.75-$17.95 per cwt, a reduction from last month’s forecast of $17.85-$18.15. The 2018 all-milk price forecast is $16.65-$17.45 per cwt, a reduction from last month’s forecast of $16.90-$17.80. The 2018 forecast for domestic use on a milk-fat milk-equivalent basis has been lowered to 215.9 billion pounds, 0.8 billion less than last month’s forecast. On a skim-solids milk-equivalent basis, the forecast for 2018 commercial use is 183.2 billion pounds, 1.9 billion less than last month’s forecast. With lower expected prices, the 2018 milk production forecast has been lowered to 219.3 billion pounds, a reduction from last month’s forecast of 219.7 billion pounds.

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