◂ Event Timeline

Feb 9, 2022REPORTUS

U.S. milk production was slightly below that of a year ago

USDA's Milk Production report showed December 2021 US milk output at 18.8 billion pounds, down 0.15% from a year earlier. The national dairy herd fell to 9.375 million cows, 67,000 head below a year ago and 132,000 below its May peak.

WHY IT MATTERS

A shrinking dairy herd and flat output keep milk supply tight, which supports milk prices. Lower cow numbers also reduce demand for feed ingredients over time.

AFFECTSMilk (Class III)▲

SOURCE
farmersadvance.comLee MielkeFeb 9, 2022

Price reaction & history

Milk (Class III)▲bullishSO FAR1d -0.1%5d +0.5%20d +8.9%

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

Mar 26, 2019Milk production continues to slow+0.1%
Sep 23, 2019U.S. milk production remains just above last year | Market Columns | leadertelegram.com+0.1%
Jan 15, 2025December WASDE report forecasts lower milk production | Ag Proud+0.0%
Jun 5, 2025Spotlight on ag production | Country News+0.5%
Jun 28, 2017Weekly Digest: Milk fat demand outpacing production growth - | Ag Proud-4.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Milk (Class III) MILK · GP ▸

——— · ·

Loading…