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

Global Milk Production Update – Dec ’21

  • December 16, 2021December 16, 2021
  • by Belinda Przybylski

Executive Summary

Milk production figures throughout the major dairy exporting regions of New Zealand, the EU-27+UK, the U.S., Australia and Argentina were recently updated with values spanning through Oct ’21. Highlights from the updated figures include:

  • Combined milk production within the major dairy exporting regions declined 0.7% on a YOY basis throughout Oct ’21, finishing below previous year levels for the second consecutive month. The YOY decline in combined milk production volumes was the largest experienced throughout the past four and a half years on a percentage basis.
  • Oct ’21 YOY declines in milk production on a percentage basis were led by New Zealand, followed by Australia, the U.S. and the EU-27+UK. Argentine milk production volumes remained above previous year levels throughout Oct ’21.
  • Milk production growth throughout the U.S. finished below previous year levels throughout Oct ’21 but remained above growth experienced throughout the other major dairy exporting regions for the 15th consecutive month.

Additional Report Details

Combined milk production within the major dairy exporting regions of New Zealand, the EU-27+UK, the U.S., Australia and Argentina rebounded seasonally to a five month high level but finished 0.7% below previous year levels throughout Oct ’21. The aforementioned regions combined to account for 90% of global butter, cheese, whole milk powder and nonfat dry milk export volumes throughout 2020.

Combined milk production volumes finished largely flat or lower on a YOY basis over eight consecutive months through Jun ’19, prior to finishing higher throughout each of the past 26 months through Aug ’21. The Oct ’21 YOY decline in combined milk production volumes was the second experienced in a row and the largest experienced throughout the past four and a half years on a percentage basis.

Oct ’21 YOY declines in milk production on a percentage basis were led by New Zealand (-3.3%), followed by Australia (-2.1%), the U.S. (-0.5%) and the EU-27+UK (-0.4%). Oct ’21 milk production volumes remained higher on a YOY basis throughout Argentina (+3.4%). The EU-27+UK produces significantly more milk than the other dairy exporting regions, accounting for nearly half of the combined production within the five exporting regions throughout Oct ’21.

Excluding the U.S., milk production within the major dairy exporting regions declined by 0.8% on a YOY basis throughout the month of October, remaining below the growth rate exhibited within the U.S. for the 15th consecutive month.

European Milk Production Update – Dec ’21
U.S. Milk Production Update – Dec ’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