U.S. Milk Production Update – Jun ’20
Executive Summary U.S. milk production figures provided by the USDA were recently updated with values spanning through May ’20. Highlights from the updated report include:
- U.S. milk production continued to decline contraseasonally while finishing lower on a YOY basis for the first time in the past 11 months, finishing 1.1% below previous year levels. Milk production volumes reached a four year seasonal low level for the month of May while the YOY decline in milk production volumes was the largest experienced throughout the past ten years.
- The May ’20 U.S. milk cow herd declined 11,000 head from the previous month, reaching a four month low level. Milk cow herd figures remain 37,000 head above the previous year but finished 68,000 head below the 23 year high level experienced during Jan ’18.
- U.S. milk per cow yields declined on a YOY basis for the first time in the past 55 months throughout May ’20, finishing 1.5% below the previous year. The YOY decline in milk per cow yields was the largest experienced throughout the past 19 years.