date:Dec 29, 2015
pplied to milk production in export regions in the first half of 2016, though less dramatically and less evenly than we had in mind a few months ago.
Rabobank forecasts for prices of Oceania whole milk powder and (US Class II milk)
Q1 2016: $2,500 per tonne, ($13.28 per hundredweight)
Q2 2016: $2,500 per tonne, ($13.44 per hundredweight)
Q3 2016: $2,700 per tonne, ($15.10 per hundredweight)
Q4 2016: $3,200 per tonne, ($17.50 per hundredweight)
A combination of poor weather and low prices w