USDA Releases Initial 2010 Dairy Forecasts

Posted by Brian Gould Wed, 13 May 2009 12:14:00 GMT

Yesterday the USDA issued its 2010 dairy market projections in its May WASDE report, forecasting continued declines in milk production and higher milk and dairy product prices. The department projects milk prod. to decrease 0.5% in 2010, to 186.6 bil. lbs. This year’s output is projected to decrease by 0.9% to 187.7 billion lbs.