March 6, 2020: 2019 Milk Production and Farm Numbers

Milk price started low at the beginning of 2019 but increased through the year, ending strong compared to recent years. The U.S. all-milk price was $16.60 in January
and finished the year at $20.70 in December. At $18.60, the 2019 U.S. all-milk price averaged $2.33 higher than 2018 and the highest since 2014. Prices in 2019 provided some much-needed relief for dairy farmers across the nation, but not nearly enough to make up for multiple years of suppressed milk prices. Right now, milk prices through 2020 are projected to be similar to 2019 with the U.S. all-milk price forecasted to average 25 cents higher at $18.85. Read More