摘要：Nothing very dramatic is expected to happen to either the supply or demand for milk and dairyproducts in 1998, following on the heels of a year more notable for what did not happen than forwhat did. In 1998, milk production is expected to be near the 1997 level, while dairy demandgrows moderately. With no clear sense of market direction, dairy prices may well stay volatilebut are projected to average only slightly higher than in 1997.Prices of concentrate feeds and forages may ease in 1998 but will stay relatively high through atleast most of the year. Expected returns are not likely to upset the balanced trend and structuraladjustments that have held milk output fundamentally stable in recent years. Sluggish growth inmilk per cow is expected to only barely outweigh a 1-percent decline in milk cow numbers.
