|Missouri Dairy Business Update|
|Volume 9, Number 11|
According to Robert Cropp's Dairy Outlook, "Milk prices continue their upward trend of improvement. The Class III price, which was $9.97 for both June and July improved to 12.82 for October and will be around $14.05 for November."
"World economies are recovery quicker than anticipated and countries like China, Mexico and others are increasing purchases of dairy products on the world market. As of November 5th, the European Union reduced export subsidies to zero except for butter and butter oil. Milk production is increasing at a much lower level than earlier anticipated in both New Zealand and Australia. World market prices are increasing. So we can anticipate U.S. dairy exports to increase for the remainder of this year with further increases in 2010."
"If improved domestic sales and dairy exports, as well as further reduction in milk production
Historical Missouri milk prices may be found at: http://agebb.missouri.edu/dairy/mkt/index.htm