date:Sep 25, 2015
rt.
Profit margins for U.S. milk producers have narrowed but remain mostly positive as lower feed prices have offset much of the impact from declining milk prices. U.S. milk production through July was up 1.6% from 2014 and would be up even more if not held in check by lower output in top-producing California largely as the result of ongoing drought there.
The U.S.D.A. forecast 2015 milk production at 208.9 billion lbs in its September WASDE, up 100 million lbs from its August forecast and up