Source: USDA
U.S. dairy milk production is expected to decline in 2024 due to lower yields from aging cows, adverse weather, and limited replacements. Imports are projected to increase, while exports will remain relatively stable. Price forecast changes for wholesale...
Source: CIH
Dairy margins were mixed over the first half of October, declining slightly in nearby periods while strengthening slightly further out on the curve. CME Milk futures slumped early in the month but then recovered with deferred Class III...
Source: USDA
Annual milk cost of production estimates vary by State and the size of operation. These estimates are shown below. For national and regional annual milk cost of production estimates, please go to the commodity costs and returns section.
Milk...
Source: CIH
Dairy margins were steady over the second half of September with rising milk prices and increasing feed costs roughly offsetting one another. USDA’s monthly Milk Production report continued to highlight declining year-over-year output, with 18.8 billion pounds produced...
Source: CoBank news release
The U.S. dairy industry has long relied on monthly milk production data from the USDA to track the trajectory of milk supplies available for processing and to project potential dairy product output. Historically, falling milk production...
Source: USDA
Summary
The 2024 forecasts for the average number of milk cows, milk per cow, and total milk production are lowered to 9.335 million (- 5,000) head, 24,200 (-30) pounds, and 225.9 (-0.4) billion pounds, respectively. The downward revisions are...
Source: USDA
The 2024 forecasts for the average number of milk cows, milk per cow, and total milk production are lowered to 9.335 million (- 5,000) head, 24,200 (-30) pounds, and 225.9 (-0.4) billion pounds, respectively. The downward revisions are...
Source: USDA news release
Over time, the inputs used in producing the U.S. farm outputs have shifted from land (categorized as part of capital) and labor toward intermediate inputs, such as fertilizers, pesticides, energy, and purchased services. Meanwhile, the quality...
Even though dairy cow slaughter popped higher during the last two weeks of data following the short fourth of July week, dairy cow culling continues well below last year. Reduced dairy cow culling is likely to continue the rest...
Source: USDA
See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Dairy: The 2024 forecasts for the average number of milk cows, milk per cow, and total milk production are lowered to 9.340 million head, 24,230 pounds, and 226.3 billion...
