U.S. Milk Production Update – Nov ’19
Executive Summary U.S. milk production figures provided by USDA were recently updated with values spanning through Oct ’19. Highlights from the updated report include:
- U.S. milk production increased 1.3% on a YOY basis throughout Oct ’19, reaching a record high seasonal level. The YOY increase in milk production was tied for the largest experienced throughout the past 12 months on a percentage basis.
- The U.S. milk cow herd increased by a total of 12,000 head throughout the past two months, rebounding from the three and a half year low level experienced throughout Aug ’19. The U.S. milk cow herd currently stands at 9.327 million head, which remains 40,000 head below the previous year and 111,000 head below the 23 year high level experienced during Jan ’18.
- U.S. milk per cow yields increased YOY for the 48th consecutive month throughout Oct ’19, finishing 1.7% above the previous year.