Lower U.S. fluid milk consumption and higher export volumes are changing the balance of how U.S. total milk solids are being sold. Based on calculations by Progressive Dairy, it’s likely the U.S. exported more total milk solids (butterfat, protein and other solids) during the first five months of 2021 than were consumed domestically through fluid product sales.
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U.S. average prices for dairy replacement cows were steady with indications the size of the milking herd may be peaking.
Slightly lower overall feed costs were more than offset by a decline in milk prices, translating into June 2021 Dairy Margin Coverage (DMC) program indemnity payments that will be the second largest of the year.
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