U.S. Milk Production Update – Aug ’20
Executive Summary U.S. milk production figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- U.S. milk production increased on a YOY basis for the 12th time in the past 13 months, finishing 1.5% above the previous year and reaching a record high seasonal level.
- The Jul ’20 U.S. milk cow herd rebounded 2,000 head from the six month low level experienced throughout the previous month. Milk cow herd figures finished 37,000 head above the previous year but remained 86,000 head below the 23 year high level experienced during Jan ’18.
- U.S. milk per cow yields increased 1.1% on a YOY basis throughout Jul ’20, despite Western U.S. yields finishing lower YOY for the second time in the past three months.