date:Dec 11, 2012
Levitt doesnt foresee a drop-off in feed prices. In fact, I expect corn to make another run at $8 and maybe more, he says. We have very low stocks to buffer volatility, and any shock to the system could cause prices to take off again.
Whichever direction feed prices take, milk prices seem poised to climb higher. Im optimistic that tight supplies in milk could push prices up about $1.50 per cwt. next year, says Stephenson. Like USDA, he foresees the All-Milk Price reaching $20.00 per cwt. in 20