Wrapping up 2021 and looking ahead to a new year for US dairy sector

Published 2021년 12월 23일

Tridge summary

The article highlights a decrease in U.S. milk production in November, with cow numbers declining for the sixth month in a row and milk production per cow remaining stagnant. This has led to reduced milk production forecasts for both 2021 and 2022, resulting in increased milk prices. Despite a slight decrease in U.S. dairy export volume in October, there was an increase in export value due to higher-priced products. Dairy product inventories continued to tighten in November, with significant decreases in butter stocks. The article also discusses the Dairy Margin Coverage (DMC) program and other risk management programs available to farmers, including Dairy Revenue Protection (Dairy-RP) and Livestock Gross Margin for Dairy (LGM-Dairy).

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. A look back at November Declining cow numbers and stagnant milk production per cow held total U.S. milk production below year-ago levels in November. U.S. cow numbers declined for a sixth consecutive month, down 10,000 from the revised October estimate and are now down 122,000 head since peaking in May 2021. Overall monthly U.S. production per cow rose just 3 pounds compared to November 2020. Adding it all up, the USDA preliminary estimates for November 2021 showed U.S. milk production at 18.035 billion pounds, down 0.4% compared to November 2020; milk production in the 24 major dairy states totaled 17.255 billion pounds, down 0.1%. Read: November 2021 milk production lower. Less milk in forecast In a continuing trend, the USDA’s World Ag Supply and Demand Estimates (WASDE) report reduced milk production forecasts and raised projected milk prices for both 2021 and ...

Source: Progressivedairy