date:Oct 10, 2012
Sept. 27 report. Surplus milk available for shipment from the seven biggest exporting regions will decline for the first time in four years, and there is little excess inventory, the banks team of 11 dairy analysts estimate.
U.S. cows produced 1,776 pounds of milk each on average in August, 0.5 percent less than a year earlier, government data show. Thats the first decline in 13 months and the biggest year-on-year drop since February 2004, according to Bill Brooks, an economist at INTL FCStone