# CoBank: Why Falling Milk Production Masks U.S. Dairy Industry’s Capacity for Growth - Dairy Producer

> CoBank reports US milk volume has declined for 14 consecutive months through September 2024, while butterfat and protein output has grown. Over 80% of US milk goes into component-dependent products, decoupling milk volume from product output.

- Date: 2024-10-01 · published 2024-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27863-cobank-why-falling-milk-production-masks-u-s-dairy-industry-s-capacity-for
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising component output supports manufactured dairy supply even as raw milk volume falls, limiting upside to milk prices from tighter volumes alone.

## Read by commodity

- MILK: neutral

## Sources

- dairyproducer.com: https://dairyproducer.com/cobank-why-falling-milk-production-masks-u-s-dairy-industrys-capacity-for-growth/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.