Markets & Management

The USDA updated August milk production and cow number data are showing a larger shrinkage in cow numbers that led to even slower growth in milk production compared to what was  originally reported last month. After reporting an August herd size of 9.480 million head in September’s Milk Production report, the USDA revised that down 33,000 head to 9.447 million. Total  Aug. production was reduced by 101 million pounds to 18.739 billion. These revisions further reduced the Aug. milk production growth from 1.1% year-over-year (YOY) to just 0.6% growth.  Further reductions in cow numbers relative to August and decreased milk production per cow led to further slowing in milk production during September compared to September 2020. Read More