US: Milk production could slow in 2023

Published 2023년 7월 17일

Tridge summary

In 2022, US dairy production remained stable at 102.7 tons, slightly higher in the second half compared to the first half. The dairy herd is stabilizing at around 9.4 million head, with yields increasing slightly. Milk prices increased by 37%, and there was an increase in dairy exports to Mexico and Canada. However, at the beginning of 2023, milk production growth slowed down, and there was an imbalance between supply and demand. The forecast for 2023 includes a potential decrease in milk prices and increased competition in the export market.

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

Original content

US dairy production was stable in 2022 at 102.7 tons. (0.1% more than in 2021), slightly lower in the first half (-0.8%) compared to the second half (+1%). “US dairy production has increased steadily since 2010 and should continue to increase, but slightly less than in previous years. The herd is stabilizing at around 9.4 million head, with yields rising slightly to almost 11,000kg of milk per cow per year. Milk prices also increased by 37% in 2022 compared to 2021 to €536 per tonne. Imports also increased in both value (up 25% to $5.8bn) and volume (up 12%). "This increase in exports offset the lower domestic demand in 2022." US dairy exports reached record levels in 2022, rising 25% in value to $10 billion and rising 6% in volume. The increase in exports affects all the main dairy products (+10% whey powder, +16% lactose, +12% cheeses) and has increased mainly to Mexico (+36% in value at US$2400 million) and Canada (+22% in value to $1.1 billion). The beginning of 2023 is marked ...

Source: Portaldelcampo