# Digging deeper into 2018 milk supply and demand numbers - Progressive Dairy | Ag Proud

> A retired dairy co-op executive analyzes 2018 US milk data, noting milk production rose about 1% and demand rose 2.3%. He explains that rising milk solids content per cow means total solids supply grew 1.2%, which helps explain why the 2018 all-milk price was the lowest since 2009.

- Date: 2019-05-07 · published 2019-05-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/59081-digging-deeper-into-2018-milk-supply-and-demand-numbers-progressive-dairy-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher butterfat and protein content raises dairy product output per gallon, which weighs on dairy product prices and therefore on the milk price feed buyers see in dairy cattle economics. The analysis points to tightening supply as a possible future price support.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-10-15 | [September FMMO numbers follow summer trends - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/44536-september-fmmo-numbers-follow-summer-trends-progressive-dairy-ag-proud.md) | -0.1% | +1.5% |
| MILK | 2018-05-24 | [2017 milk value fell short of expectations - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/65018-2017-milk-value-fell-short-of-expectations-progressive-dairy-ag-proud.md) | +2.2% | +0.1% |
| MILK | 2019-07-01 | [Mailbox milk prices: What do they tell us? - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/4203-mailbox-milk-prices-what-do-they-tell-us-progressive-dairy-ag-proud.md) | +6.5% | +7.4% |
| MILK | 2020-09-28 | [October bringing negative PPDs; cow slaughter falls - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/51261-october-bringing-negative-ppds-cow-slaughter-falls-progressive-dairy-ag-proud.md) | +23.4% | +32.3% |
| MILK | 2018-09-13 | [IFCN Outlook 2019: Milk demand grows faster than supply IFCN Dairy Research Network](https://feedsoft.ai/events/63032-ifcn-outlook-2019-milk-demand-grows-faster-than-supply-ifcn-dairy-research.md) | +0.1% | -2.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/37785-digging-deeper-into-2018-milk-supply-and-demand-numbers

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