date:Dec 11, 2012
13, compared with this years $18.50.
Milk prices will head up and feed prices go down, Stephenson says. Dairies margins will be vastly improved.
But that optimistic outlook is tempered by uncertainty over the weather, economy, government budget problems and the new farm bill.
Two-thirds of the U.S. remains under drought conditions, says Levitt. The drought is out of the headlines, but were not out of the woods yet.
Although abating feed prices would ease profit pressure on U.S. dairy produce