- Milk output exceeded the 3% year over year growth mark for the second consecutive month in December as production gains show no signs of slowing. It marked the strongest monthly output since June as volume climbs seasonally and the spring flush rapidly approaches. The data was not surprising and was in line with HighGround expectations of rapid milk supply expansion throughout the first half of 2021.
- Farmers continue to quickly add cows and push milk yield higher to capitalize on profitable milk values. With the current pace of milk production expansion expected to persist, there will not be enough processing capacity to handle total volume by Q2, forcing record levels of milk dumping. Click Here to continue reading our analysis! If you are not a customer, simply request a free trial and you will be all set for access.
Tags: US Dairy Markets