The May 12 WASDE report showed 2020 milk production forecast raised from the previous month primarily on higher-than expected cow numbers at 222.2 Billion pounds.
Category: WASDE
WASDE Report Lowers Milk Production Forecasts
On Friday the World Agricultural Supply and Demand Estimates lowered Milk production forecasts for 2019 and 2020 from December on slower expected growth in milk per cow.
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WASDE Report is Mostly Positive For Dairy
The milk production forecasts for 2019 and 2020 in the recent WASDE report were raised from the previous month as stronger growth in milk per cow more than offsets a slower expected recovery in the cow
inventory.
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USDA Forecast 2020 Milks Holds At $18.85/cwt
Milk production forecasts for 2019 are raised on higher cow numbers and stronger growth in
milk per cow. For 2020, expected continued gains in milk per cow supported an increase in
the milk production forecast in this weeks WASDE report.
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WADSE Predicts Milk Production to Shrink
The milk production forecasts for 2019 and 2020 are reduced from last month on expectations of a smaller dairy herd and slower growth in milk per cow. For 2019, the fat basis import forecast is raised from last month on strong demand for imported butter, while the fat basis export forecast is reduced slightly. The skim-solid basis import forecast for 2019 is raised on higher imports of milk protein concentrates and other dairy products. The 2019 skim-solids basis export forecast is reduced primarily on weaker-than-expected sales of nonfat dry milk (NDM). For 2020, the fat basis import forecast is raised on continued strong import demand for butter, while the fat basis export forecast is reduced on slowing sales of butterfat. The skim-solids basis import forecast for 2020 is raised, but the export forecast is lowered on expected continued weak demand for NDM and increased global competition.
WASDE Predicts Milk Production and prices Up for 2020
The May 10 World Agricultural Supply and Demand Estimate report has milk production for 2020 forecast higher than 2019. Dairy herds are expected to begin to expand as producers respond to higher milk prices and lower feed costs. Milk per cow is expected to continue increasing, and the forecast also reflects the one extra day due to leap year.
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WASDE Lowers Milk Production Forecast
The milk production forecast for 2019 is lowered from last month as higher milk cow numbers are more than offset by lower expected growth in milk per cow for the year. The 2019 fat basis import forecast is unchanged from last month, but the export forecast is lowered on slower expected shipments of butterfat products and whey products.
WASDE Lowers Milk Production Forecast; Raises All Milk Price Forecast
For 2019, The March 8 World Agricultural Supply and Demand Estimates lowered the milk production forecast on smaller expected dairy cow numbers.
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WASDE Report Lowers Production and Price Forecast
The milk production forecasts for 2018 and 2019 are reduced from the previous month on lower cow numbers; however, stronger growth in milk per cow is expected to partially offset smaller
dairy cow numbers.
The 2018 fat basis import forecast is unchanged from the previous month, but is reduced for 2019 on lower imports of milk protein concentrates. Fat basis export forecasts for 2018 and 2019 are unchanged from last month.
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WASDE Lowers Production And Price Estimates
Yesterdays WASDE report has milk production forecasts for both 2018 and 2019 lowered from last month on slower than anticipated growth in milk per cow and lower cow numbers. Although tempered by lower expected feed costs, lower milk prices will likely weaken producer margins, resulting in lower cow numbers and slower growth in milk per cow. USDA’s Cattle report, to be released on July 20th, will provide a midyear estimate of dairy cow and dairy replacement heifer inventories.
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