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US: dairy sector

This page contains data regarding key components of the United States dairy industry over a given time period.

The purpose of this report is two-fold:

  • on the one hand, it highlights the complexity of the industry, which should be considered from several viewpoints:
    the commodities area, the variety of dairy derivatives, imports, exports and domestic consumption;

  • on the other hand, it exemplifies the framework of a market that equates large domestic consumption figures (supported by import volumes) to large production figures.

US: DAIRY SECTOR
  x 1.000 ton
RAW MATERIAL AREA 2020 2021 2022 2023 2023 2024 % Period
Farms ('000) 1.993 1.960 1.901 1.897
Number of cows ('000 head) 9.442 9.386 9.405 9.349 9.418 9.333 -0,9% Jan-May 2024
Cow's milk production 101.292 102.646 102.702 102.678 43.497 43.427 -0,2% Jan-May 2024
± % Over the same period of the previous year +1,3% +0,1% 0,0%
Farm-gate milk price € x 100 Kg ** 35,00 34,59 53,13 41,49 42,86 42,33 -1,2% Jan-May 2024
± % Over the same period of the previous year -1,2% +53,6% -21,9%
Corn price (North West Iowa, IA) (€\Ton) 116,8 194,4 267,0 214,1 240,9 159,6 (p) -33,7% Jan-Jul 2024
Soybeans price (Western Illinois, IL) (€\Ton) 320,0 450,1 571,4 506,8 529,6 422,8 (p) -20,2% Jan-Jul 2024
DAIRY PRODUCTION 2020 2021 2022 2023 2023 2024 % Period
Liquid milk 21.031 20.192 19.708
Butter 973 936 934 959 449 471 +4,7% Jan-May 2024
Cream Sour 663 677 678 689 280 283 +1,2% Jan-May 2024
Cheese 6.005 6.242 6.389 6.446 2.691 2.706 +0,6% Jan-May 2024
Italian Mozzarella 2.016 2.040 2.110 2.089 860 902 +4,9% Jan-May 2024
Cheddar 1.737 1.801 1.798 1.856 802 740 -7,6% Jan-May 2024
Americal Colby & Jack & Monterey 685 746 775 795 324 332 +2,4% Jan-May 2024
Cream & Neufchatel 459 465 507 495 207 223 +7,6% Jan-May 2024
Italian Parmesan & Similar 190 220 220 222 94 94 -0,6% Jan-May 2024
Italian Provolone & Similar 166 172 168 171 71 72 +1,3% Jan-May 2024
Hispanic 157 160 175 192 75 80 +6,6% Jan-May 2024
Swiss 147 150 159 152 64 63 -2,5% Jan-May 2024
Italian Ricotta & Similar 115 114 112 112 46 45 -2,2% Jan-May 2024
Muenster 85 87 87 92
Feta 62 77 64 66 28 29 +5,4% Jan-May 2024
Blue e Gorgonzola 33 40 42 38 16 17 +4,9% Jan-May 2024
Italian Romano & Similar 25 31 26 23 9,2 11 +17,8% Jan-May 2024
Gouda 20 26 28 28 11 14 +23,9% Jan-May 2024
Brick 0,7 0,9 0,7 0,7
Altri formaggi 107 114 117 114 47 46 -0,3% Jan- 2024
Cottage Cream 165 154 156 171 70 78 +12,6% Jan-May 2024
Cottage Curd 172 163 164 181 73 81 +10,8% Jan-May 2024
Cottage Lowfat 140 138 133 152 59 70 +17,4% Jan-May 2024
WMP (whole milk powder) 63 67 62 50 21 21 +2,6% Jan-May 2024
NDM (skimmed milk powder) 885 929 887 847 434 369 -14,9% Jan-May 2024
SMP (skimmed milk powder) 315 317 298 315 111 90 -18,5% Jan-May 2024
Whey powder 435 405 415 426 173 176 +1,5% Jan-May 2024
Condensed milk (Whole and Skimmed Canned Milk) 262 249 253
Lactose 508 509 504 501 209 209 +0,0% Jan-May 2024
WPC (Whey Protein Concentrate) 217 210 205 228 95 94 -0,7% Jan-May 2024
WPI 90 (Whey Protein Isolated) 51 59 59 64 21 35 +64,8% Jan-May 2024
Yogurt 2.046 2.152 2.026 2.082 885 925 +4,5% Jan-May 2024
Frozen Yogurt (Mio Litri) 133 153 144 160 65 70 +6,6% Jan-May 2024
Ice cream, regular, hard (Mio Litri) 2.903 2.726 2.830 2.657 1.128 1.146 +1,6% Jan-May 2024
Ice cream lowfat, total (Mio Litri) 1.752 1.808 1.687 1.707 743 660 -11,1% Jan-May 2024
Ice cream, lowfat, hard (Mio Litri) 949 865 823 860 370 343 -7,4% Jan-May 2024
Ice cream, lowfat, soft (Mio Litri) 803 943 863 846 373 317 -14,9% Jan-May 2024
Ice cream, nonfat, hard (Mio Litri) 21 25 32 30 13 10 -20,1% Jan-May 2024
EXPORT 2020 2021 2022 2023 2023 2024 % Period
Bulk and pack. milk (HS 040110+040120)
TOP importers
106 120 122 103 44 44 -0,2% Jan-May 2024
Cream (HS 040130+040140+040150)
TOP importers
24 26 28 37 13 15 +12,3% Jan-May 2024
Condensed milk (HS 040291+040299)
TOP importers
11 16 20 22 6,9 8,1 +16,0% Jan-May 2024
Butter (HS 0405)
TOP importers
27 57 69 36 18 15 -17,2% Jan-May 2024
of which:
Anhydrous Milk Fat (HS 040590)
TOP importers
5,1 13 16 6,1 2,9 2,9 +1,0% Jan-May 2024
Cheese (HS 0406)
TOP importers
358 404 454 435 177 227 +28,2% Jan-May 2024
SMP (skimmed milk powder - HS 040210)
TOP importers
816 880 837 809 356 316 -11,4% Jan-May 2024
WMP (whole milk powder - HS 040221+040229)
TOP importers
39 39 39 26 11 10 -7,1% Jan-May 2024
Whey powder (HS 0404)
TOP importers
546 592 663 534 229 238 +4,0% Jan-May 2024
of which:
Sweet dairy Whey (12% protein) e WPC (HS 040410)
TOP importers
504 551 615 490 210 218 +3,8% Jan-May 2024
Casein (HS 350110)
TOP importers
1,9 1,8 2,1 1,1 0,6 2,2 +259,5% Jan-May 2024
Caseinates (HS 350190)
TOP importers
1,6 2,1 2,5 2,6 0,9 1,3 +34,6% Jan-May 2024
Lactose pharmaceutical (HS 170211)
TOP importers
304 322 413 434 180 168 -6,8% Jan-May 2024
Lactose edible (HS 170299)
TOP importers
75 69 40 37 14 8,5 -40,4% Jan-May 2024
Infant milk formula (HS 190110)
TOP importers
32 28 29 28 13 11 -15,9% Jan-May 2024
Yogurt e latticello (HS 0403)
TOP importers
37 41 41 48 19 25 +27,5% Jan-May 2024
Fat-Filled Milk Powder (FFMP) (HS 190190)
TOP importers
173 162 175 170 73 67 -9,0% Jan-May 2024
Whey Protein Isolate (WPI) (HS 350220)
TOP importers
59 65 65 76 29 36 +23,2% Jan-May 2024
IMPORT 2020 2021 2022 2023 2023 2024 % Period
Bulk and pack. milk (HS 040110+040120)
TOP exporters
33 35 26 24 11 10 -10,4% Jan-May 2024
Cream (HS 040130+040140+040150)
TOP exporters
25 19 32 58 19 17 -9,0% Jan-May 2024
Condensed milk (HS 040291+040299)
TOP exporters
26 23 37 37 14 21 +47,4% Jan-May 2024
Butter (HS 0405)
TOP exporters
69 63 73 81 36 44 +22,2% Jan-May 2024
of which:
Anhydrous Milk Fat (HS 040590)
TOP exporters
27 14 21 19 8,4 12 +45,7% Jan-May 2024
Cheese (HS 0406)
TOP exporters
165 188 189 193 73 83 +14,4% Jan-May 2024
SMP (skimmed milk powder - HS 040210)
TOP exporters
0,7 0,4 0,6 0,8 0,4 0,2 -48,2% Jan-May 2024
WMP (whole milk powder - HS 040221+040229)
TOP exporters
23 12 16 14 6,6 7,2 +8,8% Jan-May 2024
Whey powder (HS 0404)
TOP exporters
84 84 79 81 35 40 +14,5% Jan-May 2024
of which:
Sweet dairy Whey (12% protein) e WPC (HS 040410)
TOP exporters
41 44 44 44 20 19 -2,4% Jan-May 2024
Casein (HS 350110)
TOP exporters
46 53 81 51 25 20 -20,1% Jan-May 2024
Caseinates (HS 350190)
TOP exporters
21 22 24 31 14 8,7 -38,0% Jan-May 2024
Lactose pharmaceutical (HS 170211)
TOP exporters
2,7 2,9 3,2 3,3 1,5 1,1 -27,8% Jan-May 2024
Lactose edible (HS 170299)
TOP exporters
0,5 0,4 0,5 0,8 0,5 0,1 -67,5% Jan-May 2024
Infant milk formula (HS 190110)
TOP exporters
9,3 17 42 40 14 27 +85,3% Jan-May 2024
Yogurt e latticello (HS 0403)
TOP exporters
25 27 35 41 17 20 +18,7% Jan-May 2024
Fat-Filled Milk Powder (FFMP) (HS 190190)
TOP exporters
195 230 255 252 105 108 +2,5% Jan-May 2024
Whey Protein Isolate (WPI) (HS 350220)
TOP exporters
8,5 14 11 9,9 3,3 6,9 +109,9% Jan-May 2024
STOCK (al 31 December) 2020 2021 2022 2023 2023 2024 % Period
Butter 124 90 98 91 167 172 +3,4% May 2024
Cheese (no fresh cheese) 633 654 656 654 679 654 -3,7% May 2024
SMP Human Use 131 115 116 90 136 129 -5,6% May 2024
SMP Animal Use 3,9 2,7 3,7 2,9 2,8 4,3 +52,4% May 2024
WMP (Whole Milk Powder) 7,7 11 6,9 5,9 6,1 5,6 -8,5% May 2024
Condensed milk (Whole and Skimmed Canned Milk) 16 21 18 18
Whey Powder Human Use 29 25 31 30 34 27 -19,9% May 2024
Whey Powder Animal Use 0,3 0,3 0,6 1,8 1,3 1,9 +46,2% May 2024
WPC 29 31 37 28 41 25 -38,7% May 2024
I° Classification
- WPC Human Use 28 30 37 27 40 24 -40,5% May 2024
- WPC Animal Use 0,4 0,7 0,4 0,8 0,6 1,1 +77,9% May 2024
2° Classification
- WPC 25-49.9% s.s. 12 11 13 11 17 9,6 -44,6% May 2024
- WPC 50-89.9% s.s. 16 21 24 17 24 16 -34,4% May 2024
Lactose 56 76 78 49 77 54 -30,5% May 2024
DOMESTIC CONSUMPTION (Source: FAS-USDA) 2020 2021 2022 2023 2023 2024(f) % Period
Cheese 5.745 5.964 6.055 6.106 6.106 6.231 +2,0% Jan-Dec 2024
Butter 978 981 924 1.004 1.004 1.009 +0,5% Jan-Dec 2024
SMP 384 374 366 324 324 391 +20,7% Jan-Dec 2024
WMP 34 33 40 33 33 25 -24,2% Jan-Dec 2024
PER CAPITA CONSUMPTIONS (kg) 2020 2021 2022 2023 2023 2024(f) % Period
Cheese 17,10 17,70 17,90 17,96
Butter 2,91 2,91 2,73 2,95
SMP 1,14 1,11 1,08 0,95
WMP 0,10 0,10 0,12 0,10
% Self-sufficiency 100,1% 100,1% 100,1% 100,1%
SOCIO-ECONOMIC INDICATORS 2020 2021 2022 2023 2023 2024(f) % Period
GDP (gross domestic product) -2,21% 5,80% 1,94% 2,54% 2,54% 2,20% Jan-Dic 2024
CPI (consumer price index) 1,23% 4,70% 8,00% 4,12% 4,12% 3,10% Jan-Dic 2024
Population ('000) 335.942 336.998 338.290 339.997
GDP per capita (U.S. dollars) 63.577 70.160 (e) 76.349 (e) 80.035 (e)
GDP per capita (€) * 55.625 59.320(e) 72.502(e) 74.018(e)
(e) estimated
* Per capita GDP in Euro is calculated by using the yearly average exchange rate
(p): partial data
(f): forecast
** Fluid Grade
NOTE:Per capita consumptions are obtained dividing total consumption (Source FAS-USDA ) by the population (Source FAO)

Vedi Metric Conversion Factors
METRIC CONVERSION FACTORS
1 Hectare = 2.4710 Acres; 1 Kilogram = 2.2046 Pounds
1 Metric Ton:=Domestic Unit*Factor
Wheat & Soybeans:=bushels*0.027216
Rice:=cwt*0.045359
Rapeseed & Sunflowerseed:=cwt*0.045359
Corn, Sorghum & Rye:=bushels*0.025401
Barley:=bushels*0.021772
Oats:=bushels*0.014515
Sugar:=short tons*0.907185
Cotton:=480-lb bales*0.217720
UK cwt: in UK CWT is "long hundred weight" (long is equivalent to gross) = 112 lbs, that equals to 50.8024 Kg.
USA cwt : in USA CWT is "short hundred weight" (short is equivalent to net)=100 lbs, that equals to 45.3592 Kg.

Source:
Raw material area: USDA, ERS; Cow's milk production: National Agricultural Statistics Service
Dairy production: National Agricultural Statistics Service and USDA
Export and Import: Census Bureau
Consumption: FAS-USDA
GDP and CPI: Intesa Sanpaolo
GDP per capita: International Monetary Found
Population: FAO
Note: Self-sufficiency rate = Milk deliveries/(Domestic use in milk equivalent ME)
Domestic use in milk equivalent (ME) = Milk deliveries + Import in ME - Export in ME
The Self-sufficiency rate does not consider the trade of FFMP (fat-filled milk powder) - HS 190190 and the infant milk formula.

Last update: 2024-07-22
US: Export on Production
Product 2021 2022 2023 May 2024 Jan-May 2024
Butter 6,1% 7,4% 3,7% 3,2% 3,1%
Cheese 6,5% 7,1% 6,8% 8,8% 8,4%
WMP 58,4% 62,8% 51,5% 54,6% 48,7%
SMP 86,3% 85,6% 86,3% 62,8% 68,6%
Whey 92,5% 105,8% 78,9% 64,7% 62,2%
Lactose 76,8% 89,8% 94,0% 81,3% 84,4%
NOTE:
SMP
: SMP+NDM Production, SMP (040210) Export Code
Whey: Whey + WPC (25% - 50%) Production, Whey (0404) Export Code
Lactose: Lactose Production, Lactose edible + pharmaceutical (170211+170219) Export Code
NOTE: Access to World Dairy Trade, which also contains the processing of Import / Export of the United States with MONTHLY UPDATES, is reserved for Supporters of CLAL.it