September 20, 2023: Dairy Week in Review

USDA announced the October Class I base price at $19.47 per hundredweight, up 57 cents from September but down $3.24 from a year ago. Total milk production in the US is down for the second month in a row, with August production levels slipping 0.2 percent from a year ago to 18.975 billion pounds nationwide. Cow numbers stayed flat from July but were down 16,000 head year over year at 9.39 million head, with the nation’s dairy herd now at its lowest level since February 2022. Milk production per cow was down just 1 pound from a year ago at 2,021 pounds for the month. Production was mixed across the country, with states in the Southwestern region posting significant losses, while states in the upper Midwest and Northeast had flat to moderate growth.

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