Skip to content
800-884-8290

|

Client Login

|

Open an Account
  • About Us
  • Services
    • Futures & Options Brokerage
    • Organic Grain Swaps
    • Margin Management
    • Commodity Marketing Education
    • Consulting & Insurance
  • Research
    • Dairy
    • Livestock
    • Grain & Oilseeds
    • Ethanol & Biodiesel
  • Account
  • Quotes
  • Contact Us

European Milk Production Update – Oct ’21

  • October 18, 2021
  • by Belinda Przybylski

Executive Summary

EU-27+UK milk production figures provided by Eurostat and the Agriculture and Horticulture Development Board of the United Kingdom were recently updated with values spanning through Aug ’21. Highlights from the updated report include:

  • Aug ’21 EU-27+UK milk production volumes finished 1.1% above the previous year, reaching a record high seasonal level. The YOY increase in EU-27+UK milk production volumes was the fifth experienced throughout the past six months.
  • Aug ’21 YOY increases in milk production were led by Italy, followed by Ireland and France, while production volumes declined most significantly from the previous year throughout Germany. Overall, 14 of the 28 countries experienced YOY increases in milk production throughout the month.
  • EU-27+UK beef & dairy cow slaughter rates finished lower on a YOY basis for the second consecutive month during Jul ’21 when normalizing for slaughter days, declining by 2.1% and reaching a six year low seasonal level.

Additional Report Details

Milk Production

According to Eurostat and the Agriculture and Horticulture Development Board of the United Kingdom, Aug ’21 EU-27+UK milk production volumes declined seasonally to a seven month low level but finished 1.1% above previous year figures, reaching a record high seasonal level.

Figures for Luxembourg are not yet available and are based on the previous month YOY change in production. Luxembourg has accounted for less than 1.0% of total EU-27+UK production volumes throughout the past 12 months.

’20-’21 annual EU-27+UK milk production volumes finished 0.6% higher on a YOY basis, reaching a record high level for the fourth consecutive year. ’21-’22 YTD EU-27+UK milk production volumes have increased by an additional 0.9% throughout the first five months of the production season.

The Aug ’21 YOY increase in EU-27+UK milk production volumes was the fifth experienced throughout the past six months. EU-27+UK milk production volumes have finished higher on a YOY basis over 27 of the past 31 months through Aug ’21.

Aug ’21 YOY increase in production on an absolute basis were led by Italy, followed by Ireland and France, while YOY declines in production on an absolute basis were led by Germany, followed by the Netherlands and Greece.

YOY increases in production on a percentage basis were led by Italy (+8.7%), followed by Hungary (+6.6%) and Ireland (+5.4%), while declines in production on a percentage basis were led by Greece (-14.0%), followed by Malta (-11.2%) and Finland (-3.8%).

Seven of the top ten milk producing member states experienced YOY increases in milk production during Aug ’21, as production within the top ten milk producing member states increased by a weighted average of 1.4% throughout the month. The top ten EU-27+UK milk producing member states accounted for over 85% of the total EU-27+UK milk production experienced throughout the month. Production outside of the top ten milk producing member states declined by 0.5% on a YOY basis. Overall, 14 of the 28 countries experienced YOY increases in production volumes during Aug ’21.

Beef & Dairy Cow Slaughter

EU-27+UK beef & dairy cow slaughter finished lower on a YOY basis for the second consecutive month during Jul ’21 when normalizing for slaughter days, declining by 2.1% and reaching a six year low seasonal level. YOY declines in beef & dairy cow slaughter were most significant throughout the United Kingdom, followed by France and Ireland.

’20-’21 annual EU-27+UK bovine slaughter declined on a YOY basis for the second consecutive year, finishing down 3.3% and reaching a seven year low level. The USDA is projecting a 1.0% YOY decline in the EU-27+UK dairy cow herd throughout the 2021 calendar, following the general trend towards an overall smaller herd size and more productive animals.

U.S. Dairy Commercial Disappearance Update – Oct ’21
Global Milk Production Update – Oct ’21
Dairy
Ethanol
Livestock
Grain

Recent Dairy Research

  • Food Service Sales Update – Dec ’22
  • Global Dairy Trade Update 11-15-22
  • Dairy Products Production – Jul ’29
  • USDA Semi-Annual EU Dairy Production Report
  • U.S. Dairy Cold Storage Update – May ’22
Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
Privacy Policy
Futures, options and swaps brokerage is provided through Atten Babler Commodities LLC. The risk of loss in trading commodity futures and options and swaps is substantial. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Before trading, you should carefully consider your financial position to determine if futures, options or swaps trading is appropriate. When trading futures, options or swaps, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. Atten Babler Commodities LLC use sources that they believe to be reliable, but they cannot warrant the accuracy of any of the data included in this site. Opinions and market data are subject to change at any time. Unless otherwise stated the information contained herein is meant for informational purposes only and is not a solicitation to buy futures or options or swaps.
© Copyright 2023 Atten Babler Commodities LLC