Nonetheless, meat-to-feed price margins are expected to improve compared to those experienced when feed costs reached their peak. After accounting for general price inflation, real meat prices will average higher than in the previous decade, although they trend marginally down from their current highs. Milk and dairy product prices increased strongly in 2013 due to reduced production in major countries from increasing feed costs. In the near term, prices of all dairy products are expected to decline sharply as production in the major dairy exporting countries expands in to the current high prices and feed costs decrease.