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Costs of Producing Milk, 1989 and 1990

Author

Listed:
  • Clauson, Annette
  • Mathews, Ken
  • Shapouri, Hosein

Abstract

The total economic cost of producing milk in the United States was $14.74 per hundredweight (cwt) of milk in 1989 and $14.98 in 1990. On a per cow basis, the U.S. cost of producing milk was $2,171.70 in 1989 and $2,274.83 in 1990. The average return (residual returns to management and risk) for U.S. dairy producers was higher in 1990, at $0.14 per cwt compared with $0.11 in 1989. Although the average economic cost of producing milk increased in 1990, producers received an increase of $0.20 per cwt in U.S. milk prices, higher receipts for dairy cattle sold, and an increase of almost 500 pounds in milk output per cow, yielding average cash receipts of $15.12 per cwt of milk sold.

Suggested Citation

  • Clauson, Annette & Mathews, Ken & Shapouri, Hosein, 1992. "Costs of Producing Milk, 1989 and 1990," Agricultural Information Bulletins 309665, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:309665
    DOI: 10.22004/ag.econ.309665
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