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USDA expects dairies to limit growth as feed costs rise

USDA’s Outlook Board chair says rising feed costs should temper milk production growth over the next two years.

“We do have lower cow numbers and weaker growth in milk per cow in 2019 and then lower milk per cow in 2020.”

Seth Meyer is projecting milk production to increase by 1.5 percent and the all milk price to be 90 cents higher next year which could bring some farmers closer to breakeven.