United States: Monthly dairy risk management calendar; December 2021 - January 20211

Published 2021년 11월 24일

Tridge summary

The article highlights a decrease in cow numbers and milk production per cow, leading to a decline in milk production in the US, as reported by the USDA. This is the first such decline since May 2019, attributed to factors like cull cow slaughter and less availability of dairy replacement heifers due to breeding with beef sires. There has been a significant increase in domestic beef semen sales since 2018. The USDA's World Ag Supply and Demand Estimates (WASDE) report suggests reduced milk production forecasts but increased milk prices, with improvements in milk income margins. Dairy exports have seen an increase in September, but logistical issues pose a threat. Additionally, the article provides a summary of the USDA's monthly Cold Storage report, which shows a decrease in butter inventories. The article also mentions the availability of federally subsidized risk management programs for dairy farmers, such as Dairy-RP and LGM-Dairy, and details upcoming webinars and events to assist farmers with risk management and understanding the dairy market.

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

Original content

Progressive Dairy provides monthly online updates of important dates and reports affecting risk management decisions. Market drivers: Counting cows The USDA’s monthly Milk Production report was highlighted by a continued drop in cow numbers and weakness in milk production per cow. Those two factors resulted in a year-over-year decline in milk production. Excluding February 2021, which had one fewer production day than February 2020 due to leap day, the year-over-year monthly milk production decline was the first since May 2019-20, when COVID-19 pandemic market disruptions led to widespread implementation of base-excess programs. Read: October 2021 milk production drops below year-earlier level. The monthly Milk Production report continues to reflect USDA’s cull cow slaughter estimates, as well as tight income margins exhibited in the Dairy Margin Coverage (DMC) program. Cow numbers declined for a fifth consecutive month and are now the lowest since September 2020. October 2021 ...

Source: Progressivedairy