Argentina: Milk production on 2021 estimates raised

Published 2021년 5월 20일

Tridge summary

The article provides an overview of the US milk production and dairy product prices, highlighting an increase in production estimates for 2021 and 2022, with a slight decrease in the dairy cow herd leading to higher milk per cow. It notes a rise in Class III and IV milk prices for 2021, but an expected decrease in 2022 due to weaker cheese and whey prices. The article also discusses the fluctuation in cash dairy prices, with a recent downturn despite concerns of inflation and commodity shortages, and touches on the status of fluid milk sales, which experienced a decline in March. Additionally, it mentions the outcome of the Global Dairy Trade auction, where butter and anhydrous milkfat prices experienced decreases, while skim milk powder and Cheddar prices increased.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Agriculture Department raised its estimate on 2021 milk production and gave us our first peak at 2022 output in the latest World Agricultural Supply and Demand Estimates. The report cited higher cow inventories for the gain in 2021 output and continued gains in milk per cow more than offsetting a slight reduction in the dairy cow herd for 2022. 2021 production and marketings were estimated at 227.9 billion and 226.8 billion pounds, respectively, up 200 million pounds on production and 100 million pounds on marketings. If realized, 2021 production would be up 4.7 billion pounds, or 2.1% from 2020. 2022 production and marketings were estimated at 230.3 billion and 229.2 billion pounds, respectively. If realized, 2022 production would be up 2.4 billion pounds, or 1.1% from 2021. The 2021 Class III milk price average was pegged at $17.70 per cwt., up 60 cents from last month’s estimate, and compares to $18.16 in 2020 and $16.96 in 2019. The 2022 average is projected at $16.85, due ...

Source: eDairyNews