MILK MARKET DEVELOPMENT IN THE UNITED STATES

The objective of the paper was to recognize development of milk market in the United States. The production of milk is an important branch of agricultural production. The authors presented spatial differentiation of milk production in United States and they recognized that the leading states for milk output is California, Wisconsin and Idaho. The consumption of whole milk decreased from 66 pound per capita in 2000 to 44.9 pounds per capita in 2012. The authors used descriptive, graphical and trend methods to analyze the changes in milk production in United States. The authors also calculated ADF test, ARMA model and finally elaborated milk market prognosis for U.S. The authors estimated prognosis of the development of milk production, milk per cow and milk consumption until 2020 in the USA.