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Milk price outlook remains uncertain

Farm Progress MORE MILK: According to USDA, milk per cow in 2021 is projected to average 24,095 pounds, 5 pounds more than the previous forecast. Dairy Outlook: With production up and the pandemic still affecting sales, 2021 milk prices are hard to predict. Milk production continues to run well above a year ago. “December milk production was 3.1% higher than a year ago, marking the second straight month above 3%,” says Bob Cropp, University of Wisconsin-Madison dairy economist. Milk cow numbers have been increasing since July, with another 12,000 in December bringing the total increase to 100,000, Cropp says. December cow numbers were 1.1% higher than a year ago. Of 24 selected states, just eight had fewer milk cows than a year ago. Milk per cow continues well above the normal trend, up 2%.

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