date:Sep 25, 2015
1.4% from 206 billion lbs in 2014. Milk production in 2016 was forecast at 213 billion lbs, up 2% from this year, which is ultimately expected to limit the upward price potential for most dairy products in 2016.
Nonfat dry milk prices are forecast higher (from August) in 2015 reflecting the recent rebound in prices, but the forecast is unchanged (from August) for 2016 (but higher than 2015), the U.S.D.A. said.
The U.S.D.A. raised from August its class 4 milk (used for butter and dry products)