date:Jul 23, 2013
stocks were above both a month earlier and a year earlier.
Cheese prices were lowered fractionally in July to $1.735-$1.765 per pound for the current year. Cheese prices are expected to decline to $1.630-$1.730 per pound in 2014. Butter prices are forecast at $1.515-$1.575 per pound in 2013 and at $1.450-$1.580 per pound in 2014; both downward revisions from June forecasts.
Higher stocks of these products--especially this year and carrying into next year-- will likely pressure prices. Despite