I was reading articles today on the Ag Industry outlook and I thought I’d share some information I found on Milk Production currently and future projections.
In Ag Weekly news this past week, an article (1) was published talking about how Per-Cow average milk production has reached a new high. Across the world, but in the U.S. especially, efficiency is more and more important to farmers to help feed the world. Thanks to continued efforts and continuing to modify techniques, farmers have reached a new all-time high this year for the per-cow average for milk production. While this is great news, that the Dairy Industry continues its progress in efficiency, another article paused for concern on the global milk production outlook for the future.
An article on Farms.com (2), from June 26th, discussed the outlook of Global Milk Production to slow in the second half of 2014. The greatest cause for concern will be the United States. Currently, the U.S. has been enjoying record high prices, see my article from June 19th for more info. However, according to the article on Farms.com, the U.S. is expected to see the biggest decline in the second half of the year for Global markets.
The reason this is cause for concern, is because the Dairy farms were just starting to get back on their feet again with these record high prices and are soon to be pushed back down with a slow second half.
We shall see if these outlooks hold out. Let’s hope that the Dairy Industry can sustain some of the growth it has seen this year, and continue to improve its deficiencies to be even better.
Here are the links to the articles: