Milk Production, Prices and Demand in 1973 Outlook
Production to rise in 1973 though profits squeeze for farmers as feed costs climb. Milk output per cow grew in 1972 while herd numbers fell slightly, pushing prices high but reducing farmer margins. Consumption rose in 1972 with cheese up 11 percent and yogurt up 43 percent. Government support declines likely to continue with 1973 milk price support adjustments.
MENTIONED IN THIS ARTICLE
Truman F. Graf
University of Wisconsin
Department of Agricultural Economics
Graf
Milk price slips as dairy trade shifts in 1972 73
Average test price stands at 5.29 per hundred pounds, up 36 cents from last year. The figure is seen as the minimum 75 percent of parity and should keep milk supply adequate. Foreign dairy exports exceeded imports in early 1972, but a drop later in the year followed higher production abroad. total exports near 1.5 billion pounds versus 1.7 billion pounds of imports. Despite market limits, exports and imports are unlikely to improve in 1973.
MENTIONED IN THIS ARTICLE
Matic
United States
Also Mentioned on This Page
USDA
Walter Binkley & Son
Lititz
Brown & Rea, Inc
Elverson Supply CO
Elverso
Henry E. Garber
Elizabethtown, Pa
E. Musser Heisey
N & Lord
Mr Joy
David B. Hurst
Bowmansville
Ephrata
G. R. Mitchell, Inc
Reston, Pa
Mountville
Musser Farms, Inc
Columbia
RED Rose Farm Service, Inc
Church St
Quarryville
Chas. E. Lauder & Sons
Terre Hill
P. Spotts, Inc
Honey Brook
H. M. Stauffer & Sons, Inc
Witmer
James Way Volumatic
Impeller
Landis Bros., Inc
Manheimrike
Lancaster
Vigo Charmcross
Molly
Eee Barfee
Tunkhannock
Marlin Rover
J. Hershey Meyer
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