Milk production expanded 2.9% in June according to the USDA. That followed 4.7% YOY growth in May.
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source: Biomin

The milking herd finally declined, by just 1,000 head compared to the prior month to 9,508m. While down on the multi-decade high reached in May this was still 153,000 head higher YOY. The YOY growth in average yield per cow for June was 1.3%, a 3-month low. June was the thirteenth consecutive month of expansion in US milk output.

Wisconsin, California and Texas jointly accounted for 48% of the national YOY milk growth in June (down from 51% in May), increasing by 2.8%, 3.1% and 7% respectively. There were also strong YOY gains in Idaho (+3.6%), New York (+3.1%) and Michigan (+4%).

Shares of Saputo Inc. SAP, -0.63% dropped 2.76% to C$33.15 Monday, in what proved to be an all-around negative trading session for the Canadian market.

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