Inside Milk
Better prospects for American milk price
In the United States, there is cautious optimism about the milk price. Cheese prices are climbing out of a trough, and the futures market is also showing a more positive picture. What is the US milk price now?
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Milk prices in the United States have been low (relatively speaking) for a long time, causing many dairy farmers to throw in the towel. However, it seems that the period of lower milk prices. This is mainly due to the increased price for cheese and the fact that the American milk price for Class III increased in March.
Higher prognosis
The United States Department of Agriculture (USDA) has increased its April milk price forecast by $0,50 per cwt (€0,98 per kilo). This would bring the price to $17,75 per cwt (€34,94 per 100 kilos). On the other hand, the authority expects that the milk yield per cow will be lower than average. However, this is somewhat offset by the increase in livestock numbers, although this has not stopped a decline in expected milk yield.
In addition, the USDA expects cheese prices to continue to rise in the near future. As a result, the milk price for Class III is also expected to rise. On the other hand, a reduction in the milk price is expected for Class IV, especially because butter and milk powder prices are currently declining; there is little demand.