2023 September Board Book

CMAB Milk Production Comparison

2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022 2022 to 2023 % Change % Change % Change % Change % Change

2020

2021

2022

2023

January February

3,497,591,436 3,591,881,356 3,348,120,007 3,315,540,632 3,662,406,250 3,711,091,837 3,475,821,700 3,629,592,418 3,538,575,590 3,709,808,492

3,523,704,645 3,516,877,642 3,294,415,818 3,255,648,146 3,704,999,229 3,623,879,592 3,597,030,053 3,524,284,916 3,655,797,733 3,627,458,745

-3.46% -1.16% -0.91%

4.07% 2.70% -1.90% -0.19% 4.86% -0.97% -0.64% -1.18% 2.98% 1.33% -0.16% -2.19%

March

0.86% -0.12% 4.42% -0.90% -2.02% 0.35% -0.07% 4.84% -1.46% -0.78%

April May June

-1.15% 2.48% 0.24% -0.78% 0.38% -1.13% 2.57%

1.85% 3.55% 0.39% -1.53% 2.14% -0.63% 2.53% -5.67%

3,325,976,064 3,443,968,122 3,457,426,027 3,404,671,543 3,444,001,804 3,422,363,281 3,508,881,474 3,309,799,621

July

3,446,864,031

1.28% 0.52% 2.27% 2.15% -0.06% 0.08% 1.13% 1.84% -1.05% 2.66% 0.28% -0.84% 0.20% 1.62% -0.30%

August

3,352,677,803 3,370,209,607

September

3,261,414,984 3,259,551,116 3,262,119,753 3,366,497,491 3,428,295,882 3,392,424,997 3,329,290,479 3,338,449,997 3,310,255,775 3,422,732,261 3,478,072,463 3,467,696,688

October

November December

-0.15%

Total

1.90%

41,025,105,869

1.64%

41,025,105,869 41,698,825,203

-0.19%

41,698,825,203 41,621,616,223

-1.94%

24,742,254,979 24,262,620,205

8/25/202312:33 PM

Milk Assessments

Production Comparisons