Milk March Production Up Four Per Cent
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.
20 April 2012
2 minute read
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.
TheMeatSite News Desk
