Market Watch
Decline continued in December, pressured by lower cow numbers, no output growth.
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Cow numbers, milk production continue to decline in November USDA estimates
Ten states including California, New Mexico, Texas, Pennsylvania and Colorado reduced milk production a combined 188 million pounds.
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Milk production decreases in USDA October estimates
The U.S. dairy herd is the smallest since January 2022, pulling October 2023 U.S. milk production down 0.5% from a year earlier.
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September milk production lower as cow numbers decline
The U.S. dairy herd is the smallest since January 2022, pulling year-over-year milk production down for a third straight month.
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Dairy risk management calendar: May 2023
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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March 2023 milk production up 0.5%
Stagnant growth in milk per cow offset growing cow numbers, which are now the highest since summer of 2021.
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October U.S. milk production up 1.2%
Slow growth in cow numbers and moderate increase in milk per cow boosts overall production.
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Dairy replacement cow prices hit six-year high
U.S. replacement dairy cow prices averaged $1,730 per head in October 2022, but still lag previous highs set in 2014.
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