U.S. Milk Production Update – Oct ’20
Executive Summary U.S. milk production figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- U.S. milk production increased on a YOY basis for the 14th time in the past 15 months, finishing 2.3% above the previous year and reaching a record high seasonal level. YOY increases in production on an absolute basis were led by California, followed by Texas and Idaho.
- The Aug ’20 U.S. milk cow herd figure was revised 1,000 head higher than levels previously stated while the Sep ’20 figure increased an additional 5,000 head, reaching a five month high level. Milk cow herd figures finished 33,000 head above the previous year but remained 72,000 head below the 23 year high level experienced during Jan ’18.
- U.S. milk per cow yields increased 2.0% on a YOY basis throughout Sep ’20, finishing higher for the 58th time in the past 59 months. The YOY increase in milk per cow yields was the largest experienced throughout the past six months.