The following is from Lee Mielke, author of a dairy market column known as Mielke Market Weekly.
High milk prices produce high milk production and preliminary data in the USDA s November Milk Production report proves that. Output totaled 18 billion pounds, up a very bearish 3 percent from November 2019, biggest gain since December 2014 with November output in the top 24 producing states hitting 17.2 billion, up 3.1 percent.
Revisions lowered the October 50-state and 24-state totals 7 million pounds, putting the 50-states at 18.55 billion pounds, still up 2.3 percent from October 2019.
November cow numbers totaled 9.41 million in the 50 states, up 12,000 from October s count, which was revised up 5,000 head, and is 62,000 above a year ago. November output per cow averaged 1,916 pounds, up 43 pounds, or 2.3 percent from a year ago.
Mielke: November milk up 3 0%
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Mielke: Production estimate rises again
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Guest Sentiment in November Offers Insight into Best Performing Menu Items
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Black Box intelligence™ November 2020 Restaurant Guest Satisfaction Snapshot reveals more COVID-19 challenges ahead for restaurants with increasing restrictions and colder weather while recent online guest activity offers insight into some best performing menu items. DALLAS (PRWEB) December 11, 2020 The restaurant industry’s sales stumbled again in November as the number of COVID cases rose rapidly and colder weather started to become an obstacle for outdoor dining in many areas of the country. Same-store sales growth was -10.3%, which represented a 3.8 percentage point drop from October’s year over year sales growth rate. November’s -16.3% same-store traffic fell by 3.3 percentage points compared to the previous month’s performance. This was the worst month for the industry since August based on year over year loss