◂ Event Timeline

Jan 26, 2021REPORTUS

U.S. dairy herd largest since 1995; December milk output up 3.1% - Progressive Dairy

US milk production rose 3.1% in December 2020 from a year earlier, with annual output up more than 2%. The December US dairy herd reached 9.443 million cows, the largest since 1995.

WHY IT MATTERS

Expanding milk output and a herd at a 25-year high add supply to a market with soft demand, pressuring dairy prices.

AFFECTSMilk (Class III)▼

SOURCE
agproud.comDave NatzkeJan 26, 2021

Price reaction & history

Milk (Class III)▼bearishSO FAR1d -0.2%5d -0.2%20d -3.2%

After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.

Feb 21, 2019December milk production growth slows, milk prices lower - Progressive Dairy | Ag Proud+9.3%
Dec 11, 2020USDA 2021 milk price outlook weakens - Progressive Dairy | Ag Proud-1.0%
Mar 10, 20202020 milk price takes a hit in latest USDA outlook report - Progressive Dairy | Ag Proud+0.4%
Sep 11, 2020USDA: Milk output forecast raised; smaller harvest boosts feed price projections - Progressive Dairy | Ag Proud-1.6%
Aug 22, 2026Larger Dairy Herd Shapes U.S. Milk Price Outlook Into 2027+0.1%

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 ▸

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