Inside Milk
Milk production in the United States is also tightening
Dairy farmers in the United States (US) achieved impressive growth figures earlier this year. However, this growth has now come to a complete standstill. Last summer, the growing milk production in the country was still able to compensate for the contraction in other parts of the world, but that time is now over.
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Milk production in October was at exactly the same level as in October 2020. Livestock farmers in the US collected 8.028.580 tons of milk. That is virtually unchanged from last year's 8.028.590 tons.
Historically high level
The milk supply for October this year was still at a generous level compared to the 5-year average. This year's production was 188.000 tons higher than the average for October's monthly production over the past 5 years (7.842.520 tons). That is a plus of 2,3%.
Tight world supply of milk
The loss of growth in the US dairy superpower will be one of the reasons for the international rise in dairy prices. Declining milk production in major milk-producing countries in Europe and New Zealand in recent months is no longer being supplemented by a growing milk pool in the US. This now appears to be a decline in volumes worldwide in all major production regions.