Jan WASDE Outlook Report Released

Posted by Brian Gould Fri, 11 Jan 2008 15:31:00 GMT

According to the Jan. World Agricultural Supply and Demand Estimate (WASDE) report, for 2008, the Class III price forecast is unchanged from last month. Cheese prices are forecast fractionally higher as demand for cheese is expected to be firm. The Class IV price for 2008 is forecast lower. The price forecasts for butter and NDM are reduced as inventories of those products are large. The all milk price forecast for 2008 is lowered slightly to $17.90 to $18.70 per cwt. The 2007 all milk price is estimated at $19.15.