U.S. Milk Production Update – Oct ’19
Executive Summary U.S. milk production figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
- U.S. milk production increased 1.3% on a YOY basis throughout Sep ’19, reaching a record high seasonal level. The YOY increase in milk production was the largest experienced throughout the past 12 months on a percentage basis.
- The Sep ’19 U.S. milk cow herd declined 2,000 head from the previous month’s revised figure, reaching a three and a half year low level. The U.S. milk cow herd currently stands at 9.315 million head, which is 53,000 head below the previous year and 123,000 head below the 23 year high level experienced during Jan ’18.
- U.S. milk per cow yields increased YOY for the 47th consecutive month throughout Sep ’19, finishing 1.8% above the previous year.