The following is from Lee Mielke, author of a dairy market column known as Mielke Market Weekly.
High milk prices produce high milk production and preliminary data in the USDA s November Milk Production report proves that. Output totaled 18 billion pounds, up a very bearish 3 percent from November 2019, biggest gain since December 2014 with November output in the top 24 producing states hitting 17.2 billion, up 3.1 percent.
Revisions lowered the October 50-state and 24-state totals 7 million pounds, putting the 50-states at 18.55 billion pounds, still up 2.3 percent from October 2019.
November cow numbers totaled 9.41 million in the 50 states, up 12,000 from October s count, which was revised up 5,000 head, and is 62,000 above a year ago. November output per cow averaged 1,916 pounds, up 43 pounds, or 2.3 percent from a year ago.
Published: Friday, December 18, 2020
The following is from Lee Mielke, author of a dairy market column known as Mielke Market Weekly.
U.S. dairy exports reached a four-month high of 17 percent of U.S. milk production in October, according to the Dec. 4 Dairy and Food Market Analyst, up from 15.3 percent of milk solids exported in September and 14.9 percent one year earlier.
Topping the gains was dry whey, which totaled 53 million pounds, up 145 percent from October 2019. China took just over 29 million pounds of that total, up from just 2.6 million a year ago. HighGround Dairy reported that the U.S. also exported an all-time high amount of whey to Vietnam.