July Milk Production Up 1.2 Percent

August 19, 2013 — July milk production in the 23 major states totaled 15.7 billion lbs, up 1.2% from July 2012, according to USDA’s monthly Milk Production report. June revised production in cowsthose states, at 15.8 billion lbs, was up 1.7% from June 2012.

Looking at individual states, July 2013 production was down in four states, California
(-3.5%); Arizona (-2.0%); Idaho (-1.1%); and Oregon (-0.9%0. Largest year-to-year percentage gains were in Kansas (+10.8%); Iowa (+8.6%); Indiana (+7.6%); Colorado (+5.5%); Texas (+5.3%); Washington (+3.8%); Michigan (+3.1%); Ohio (+3.0%); and Wisconsin (+2.9%).

Nationally, July milk production was estimated at 16.775 billion lbs., up 1.1% from July 2012. June production, at 16.932 billion lbs., was up 1.5%.

Traders in the cash dairy markets were anticipating this afternoon’s July Milk Production report which showed output up 1.2%, according to DairyBusiness Update associate editor Lee Mielke. Cheese was offered lower. The blocks were down 2.25¢, to $1.7550/lb. Barrel was down 3¢, to $1.7350/lb. 1 offer of each was all it took.

Butter lost another 1¢ this morning and is now trading at $1.36. 1 car was sold at $1.36. 2 bids at $1.36 went unfilled and 2 offers at $1.40 were uncovered.

Grade A nonfat dry milk remained at $1.7950 and Extra Grade held at $1.75, with no activity.

Today’s Market Closing Prices: Butter: down 1¢, to $1.36/lb. Cheddar blocks: down 2.25¢, to $1.7550/lb. Cheddar barrels: down 3¢, to $1.7350/lb. Grade A nonfat dry milk: unchanged, at $1.7950/lb. Extra Grade nonfat dry milk: unchanged, at $1.75/lb.

 

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