Photo courtesy of Envato Elements
From staff reports
Tighter supplies and record export volume and diminishing inventories are leading to higher prices for U.S. dairy producers.
December prices for dry whey and nonfat dry milk were the highest they have been since 2014, according to the National Milk Producers Federation. Total dairy cows and milk production were less September through November 2021. The NMPF cites lower market conditions from 2014 to now has led to less production, which in turn has increased prices paid to producers in 2021.
Milk production from September through November 2021, shows milk production was down by .07 percent. That is opposite of the steady growth that occurred prior to those three months. Producers reduced cow numbers, leading to the decline. However, milk production per cow increased slightly.