Lee Mielke: milk estimate lowered.
The Agriculture Department left its 2023 milk production forecast unchanged in last week's World Agricultural Supply and Demand Estimate report but lowered the 2024 estimate, citing lower cow inventories and slower growth in milk per cow.
2023 production and marketings were estimated at 228.4 billion and 227.4 billion pounds, respectively, unchanged on both from a month ago. If realized, both...
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