U.S. dairy remains a growth category both domestically and internationally, driven by record cheese consumption and strong export demand. According to USDA data, Americans consumed an average of 661 pounds of dairy products per capita in 2023, approaching levels...
Source: FCC, Graeme Crosbie
The previously announced butter support price increase of 2.2% was implemented effective February 1. Our gross revenue forecasts in the outlook accounted for this increase, yet these forecasts underestimated the actual average butterfat prices for the first three...
Source: USDA
Anticipated percent changes in 2024 red meat, poultry, and dairy exports compared with 2023
U.S. export forecasts for red meat, poultry, and dairy for 2024 compared to actual export data from 2023 are presented below in a percent-change format....
Dairy Revenue Protection (DRP) is a federally subsidized insurance program for dairy producers looking to minimize the impact of unanticipated declines in milk prices. Locking in a milk price for a future quarter can be an effective risk management...
Source: The University of Tennessee Institute of Agriculture
Milk Production
Milk production in the 24 major states during September totaled 17.3 billion pounds, up 0.4% from September 2020. Production per cow for September averaged 1,937 pounds. The number of milk cows...
Source: USDA
Livestock, Dairy, and Poultry Outlook No. (LDP-M-326) 29 pp
BY RUSSELL KNIGHT, CHRISTOPHER G. DAVIS, WILLIAM HAHN, JERRY CESSNA, ANGEL TERAN, MILDRED HALEY, ADRIANA VALCU-LISMAN, AND GRACE GROSSEN
The Livestock, Dairy, and Poultry Outlook for August 2021 analyzes economic impacts of month-to-month changes in USDA’s World Agricultural Supply...
Source: Statistics Canada
Farm cash receipts totalled $98.6 billion in 2023, up 3.6% (+$3.4 billion) compared with 2022.
Livestock receipts and crop receipts increased, while program payments fell. Livestock receipts were up primarily because of gains for cattle, while crop receipts had mixed results. A drop...
Source: USDA news release
The supply of fluid cow's milk available for U.S. consumers to drink decreased by 42 percent from 1979 to 2019, from 28.1 gallons per person to 16.3 gallons, according to USDA, Economic Research Service (ERS) food...
Source: USDA
Report Summary
Dairy: Milk production forecasts for 2024 and 2025 remain unchanged from the last projection at 227.3 and 229.3 billion pounds, respectively. Adjusted 2024 price forecasts for dairy products include Cheddar cheese at $1.790 (+9.5 cents), dry whey...
Source: USDA
by Russell Knight, Christopher G. Davis, William Hahn, Jerry Cessna, Angel Teran, Mildred Haley, Adriana Valcu-Lisman, Hannah Taylor, and Margaret Cornelius
The Livestock, Dairy, and Poultry Outlook for January 2022 analyzes economic impacts of month-to-month changes in USDA’s World Agricultural Supply and Use Estimates Report on domestic and...
