No let up in US milk supplies as November collections jump 2.6%

Milk production in the US increased by 2.6% this November when compared to the corresponding month last year, figures from the US Department of Agriculture (USDA) show.

In total, just over 7.3 billion litres of milk were produced in the 23 major milk producing states last month, it says.

This follows on from a similar increase seen in October, when production jumped by 2.7% on the same month the year before, to bring the total for the month to nearly 7.27 billion litres.

Milk production per cow in the US has also reached its highest level since milk recording records started in the 23 states in 2003.

Back in November, the average milk produced per cow stood at 27L/day, an increase of nearly 0.6L/day on the same month in 2015.

Meanwhile, figures from the USDA also show that the number of dairy cows present in the 23 major states increased by 33,000 in November on 2015 levels, bringing the total to 8.67m head.

Source: USDA
Source: USDA

Prices fall at final Global Dairy Trade Auction of 2016

The final Global Dairy Trade auction of 2016 closed out the year with overall dairy product prices down 0.5%.

The decrease follows four positive Global Dairy Trade auctions over the past two months.

At yesterday’s auction, whole milk powder (WMP) prices were down 0.8%. This drop in price was anticipated, with the NZ futures market suggesting that WMP prices would be down in the region of 2%.

Skimmed milk powder (SMP) prices remained unchanged at this auction, while butter prices were up 0.5%.

Anhydrous milk fat (AMF) prices were down 2.3% and lactose (LAC) pries fell 1.6% at the today’s Global Dairy Trade event.

Global Dairy Trade – Key Results:

  • AMF index down 2.3%, average price US$5,367/MT
  • Butter index up 0.5%, average price US$4,290/MT
  • BMP index up 3.1%, average price US$2,874/MT
  • Ched index up 1.9%, average price US$3,826/MT
  • LAC index down 1.6%, average price US$857/MT
  • RenCas index up 3.3%, average price US$6,473/MT
  • SMP index unchanged, average price US$2,621/MT
  • WMP index down 0.8%, average price US$3,568/MT

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