The University of Wisconsin’s Dr. Robert Cropp says the November Milk Production report shows that the growth in milk production is slowing. FC Stone risk management consultant Chris Hildebrand said “The decline in cow numbers is most concerning. No one really expected it given the strong farm margins.”
High Ground Dairy’s Eric Meyer wrote; “Rapidly rising milk prices and less-expensive feed costs are sending a clear signal to the US dairy industry that the world needs more milk. However, U.S. dairy producers have yet to react to this “call-to-action.” He adds that “declining cow numbers and production per cow growth shrinking to near year ago levels, 0.1% production growth is not enough to satisfy the burgeoning global need for milk.” He views the report as “bullish versus expectations” and says “high prices may be here to stay until supply responds to needs of the world market.”