Monday, July 16, 2018
 Milk Production Up Slightly In June  

June milk production climbed 0.7% in June, reports the United States Department of Agriculture in their newly released June Milk Production Report

 

This is the first month this year that milk production did not climb more than at least 1%. Cow numbers, however, remain 50,000 head higher than last year.


Milk production in the U.S. totaled 17.4 billion pounds in June up 0.7 % from a year ago.  This is the smallest year-over-year increase since October of 2012.  Production per cow increased 3 pounds in June to 1,872 and the dairy herd grew by 50,000 cows to 9.3 million head.


“The report isn’t a game-changer,” say FCStone analysts.  “Both spot and futures markets bounced (or found aggressive supporting bids) ahead of the report today so it is possible we’ve priced in much of the report already.” 


“Moreover, the larger trend to the U.S. dairy complex is still pointing lower. However, we won’t easily excuse this report as status quo. And as such, expect that this report could underpin the market in moments of weakness,” the say.


Milk production in the 23 major dairy states totaled 16.4 billion pounds in June up 0.7 % from a year ago.  The dairy herd increased 56,000 to 8.63 million but production per cow was unchanged from the record-high 1,895 set last June.  Six of the 23 states saw a decline in production compared to a year ago with New Mexico and California down 4.5 and 4.3 % respectively.  The other 17 states saw an increase with South Dakota up 12 % and Michigan 7.2 % higher.


California, the nation’s #1 Dairy State, saw milk production drop 4.3%. Most of that came from less milk per cow—nearly 3 lb./cow/day less than last year. California cow numbers are down just 1,000 head.


New Mexico followed a similar path, with June milk production down 4.5% and milk per cow down 95 lb./cow for the month. Cow numbers were unchanged.


Wisconsin milk production totaled 2.4 billion pounds in June up 3.4 % from a year ago and the highest June production on record. The Badger State dairy herd increased by 8,000 head to 1.28 million cows and production per cow increased 50 pounds to 1,880.


For the second quarter ending in June, overall milk production was up 1.4%. That’s slightly lower than the 1.8% gain saw January through March.

Click here to download the report


Source: USDA


Posted on Thursday, July 23, 2015 (Archive on Thursday, July 30, 2015)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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