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Milk March Production Up Four Per Cent

20 April 2012

US - USDA released the March Milk Production report this afternoon showing 50-state milk production at 17.7 billion lbs., up 1.9%, on a daily average basis vs. the prior month and 4.2% greater than last year, writes Mary Ledman, Sara Dorland, Sarina Sharp and Karen Endre on Thursday 19 April 2012.

Higher milk production vs. the prior year is driven by a 3.2% gain in milk per cow and a nearly 1.0% increase in the dairy herd. The U.S. dairy herd expanded by 12,000 head in March to 9.266 million, the largest since May 2009. States posting the highest year-over-year gains in milk production are: Utah 7.8%, Michigan 7.3%, Colorado 7.1%, Arizona 6.6% and California 6.2%.

Dry whey, NDM and WPC prices reported by Dairy Market News today continue to decrease vs. the prior week. The Central dry whey mostly range is 48.5¢ to 58.0¢, down 1.5¢ on the low end and 2.0¢ lower on the high end. The West dry whey mostly range is 46.0¢ to 54.5¢, down 2.0¢ on the low end and 0.75¢ less on the high side. The Central and West regions are reporting NDM price lows of $1.085/lb. and $1.10/lb., respectively. The Central/East NDM mostly range is $1.15/ lb. to $1.31/lb., down 2.0¢ on the low side and a penny less on the high end.

The West NDM mostly range is $1.15/lb. to $1.26/lb., down 2.0¢ on the low end and 4.0¢ lower on the high end. The WPC range is $1.36/lb. to $1.465/lb., unchanged on the low end but down 2.5¢ on the high end. Lactose prices were unchanged at 89.0¢ to 94.0¢.

The CME Cheddar block price closed a penny higher at $1.51/lb. on a single bid today while the barrel price settled unchanged at $1.46/lb. with a single offer and bid left on the board. The CME spot butter price closed unchanged at $1.4125/ lb. after a trade and the NDM Extra Grade price settled 2.0¢ lower at $1.1375/lb. on an offer.


Daily Dairy Report - Copyright © 2008 CME. All rights reserved.


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