date:Jul 23, 2013
Feed prices are projected to be lower next year, but dairy producers are likely to respond slowly as milk prices remain flat to lower, USDAs Economic Research Service says in its latest Livestock, Dairy and Poultry Outlook.
Higher stocks of dairy products--especially this year and carrying into next year-- will likely pressure prices downward, USDA adds.
The 2013 All-Milk price was lowered this month to $19.50-$19.80 per cwt. and to $18.70-$19.70 per cwt. for 2014.
Corn price estimates for