Uncertainty dominates milk price outlook

Growth in milk production in the major exporting regions is expected to slow to a trickle in the first half of 2019 to less than 0.5 percent, bringing some recovery in milk prices.But there’s a lot of uncertainty in world markets, according to Rabobank analysts.“I think we’re going to be better than ’18, which is no great shakes, but I don’t think we’re going to be as high as we were in ’17. Rabobank is forecasting no more than a $1 per hundredweight increase in the Class III milk price, bringing the average in 2019 to $15.55, she said.