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 – Jan ’22

  • January 18, 2022
  • by Belinda Przybylski

Executive Summary

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

  • Nov ’21 EU-27+UK milk deliveries declined seasonally to a two year low level, finishing 0.7% below previous year levels. The YOY decline in EU-27+UK milk deliveries was the third experienced in a row and the largest experienced throughout the past ten months on a percentage basis.
  • Nov ’21 YOY declines in milk deliveries were led by Germany, followed by France and the Netherlands, while milk deliveries increased most significantly from the previous year throughout Italy, followed by Ireland. Overall, 15 of the 28 countries experienced YOY declines in milk deliveries throughout the month.
  • EU-27+UK beef & dairy cow slaughter rates remained at a ten year low seasonal level throughout Oct ’21, finishing 1.2% below previous year levels when normalizing for slaughter days.

Additional Report Details

Milk Production

According to Eurostat and the Agriculture and Horticulture Development Board of the United Kingdom, Nov ’21 EU-27+UK milk deliveries declined seasonally to a two year low level, finishing 0.7% below previous year levels.

Figures for Spain, Austria, Greece and Luxembourg are not yet available and are based on the previous month YOY change in deliveries. Spain, Austria, Greece and Luxembourg have accounted for just 7.3% of total EU-27+UK milk deliveries throughout the past 12 months.

’20-’21 annual EU-27+UK milk deliveries finished 0.5% higher on a YOY basis, reaching a record high level for the fourth consecutive year. ’21-’22 YTD EU-27+UK milk deliveries have increased by an additional 0.4% throughout the first two thirds of the production season, despite the recently experienced declines.

The Nov ’21 YOY decline in EU-27+UK milk deliveries was the third experienced in a row and the largest experienced throughout the past ten months on a percentage basis. EU-27+UK milk deliveries had finished higher on a YOY basis over 26 of 29 months through Jun ’21, prior to finishing below previous year levels over four of the five most recent months of available data.

Nov ’21 YOY declines in milk deliveries on an absolute basis were led by Germany, followed by France and the Netherlands, while YOY increases in deliveries on an absolute basis were led by Italy and Ireland.

YOY declines in milk deliveries on a percentage basis were led by Malta (-10.7%), followed by Bulgaria (-7.1%) and Croatia (-4.0%), while increases in milk deliveries on a percentage basis were led by Italy (+7.8%), followed by Hungary (+7.4%) and Ireland (+4.9%).

Six of the top ten milk producing member states experienced YOY declines in milk deliveries during Nov ’21, as deliveries within the top ten milk producing member states declined by a weighted average of 0.9% throughout the month. The top ten EU-27+UK milk producing member states accounted for over 85% of the total EU-27+UK milk deliveries experienced throughout the month. Milk deliveries outside of the top ten milk producing member states increased by 0.3% on a YOY basis, however. Overall, 15 of the 28 countries experienced YOY declines in milk deliveries during Nov ’21.

Beef & Dairy Cow Slaughter

EU-27+UK beef & dairy cow slaughter finished 1.2% below previous year levels when normalizing for slaughter days, remaining at a ten year low seasonal level for the second consecutive month. The YOY decline in EU-27+UK beef & dairy cow slaughter rates was the fourth experienced throughout the past five months. YOY declines in beef & dairy cow slaughter were most significant throughout Germany, followed by the Netherlands and the United Kingdom.

’20-’21 annual EU-27+UK bovine slaughter declined on a YOY basis for the second consecutive year, finishing down 3.4% and reaching a seven year low level. The USDA is projecting a 1.3% YOY decline in the EU-27+UK dairy cow herd throughout the 2022 calendar, following the general trend towards an overall smaller herd size and more productive animals.

Global Dairy Trade Results Update – 1/18/22
Global Milk Production Update – Jan ’22
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