Published on: 12:09PM Mar 19, 2009
Yesterday the USDA released their milk production estimate for February which for the US was 14.745 billion pounds. After the February 2008 adjustment for the leap day, February 2009 milk production was .6% larger than last year due to a .1% larger milk cow herd and a .5% gain in milk per cow yields. The milk production gain by volume in February compared to the prior year was the smallest for any month in 2 years. During the first 2 months of this year, the US milk cow herd was reduced by 36k head marking the largest 2 month decline since the fall of 2003. The report is seen as neutral to bullish for the dairy markets. We can help you execute futures, contract and forecast for your dairy and other major commodity markets. If you would like to learn more please call 888-423-4411.
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