A A A |

Common Ground
Farm Credit Services of America Blog

A Better Year for Dairy Producers

by FCSAmerica Staff Reports | Apr 17, 2019

After four tough years, dairy margins should improve in 2019, Sarina Sharp told attendees at a Farm Credit sponsored session at the Central Plains Dairy Expo at the end of March. Production growth in the United States is slowing, while international milk production looks tighter for this year. At the same time, grain supplies are comfortable and major price rallies are unlikely barring the unforeseen, the dairy risk manager and author of the Daily Dairy Report said.

YOY change in US Milk production 2019U.S. milk production was up just half a percentage point in the fourth quarter, the smallest quarterly growth in five years, followed by 0.9% growth in January and only 0.2% in February. “Growth is likely to be slow to nonexistent throughout 2019,” Sharp said (chart). 

In its April supply/demand estimate, USDA agreed, pegging production this year up less than 1 percent, and raising most of its price estimates modestly.

milk prices“Factors in the global milk market look as promising as they have in years,” Sharp said. “Demand continues to grow and there are big barriers to rapid growth in global milk supplies so we probably won’t kill this rally with a quick bump in output. I expect much better prices over the next 18 months, though markets almost never go straight up.”


  1. RadEditor - HTML WYSIWYG Editor. MS Word-like content editing experience thanks to a rich set of formatting tools, dropdowns, dialogs, system modules and built-in spell-check.
    RadEditor's components - toolbar, content area, modes and modules
    Toolbar's wrapper 
    Content area wrapper
    RadEditor's bottom area: Design, Html and Preview modes, Statistics module and resize handle.
    It contains RadEditor's Modes/views (HTML, Design and Preview), Statistics and Resizer
    Editor Mode buttonsStatistics moduleEditor resizer
    RadEditor's Modules - special tools used to provide extra information such as Tag Inspector, Real Time HTML Viewer, Tag Properties and other.
  2. Comments are moderated and reviewed before they are posted on the site. View our terms of use.

Browse by Tag