US Dairy Products Update – Feb ’18
Executive Summary
U.S. dairy product production figures provided by USDA were recently updated with values spanning through Dec ’17. Highlights from the updated report include:
- Dec ’17 U.S. butter production increased 4.2% YOY, finishing higher on a YOY basis for the fifth time in the past six months.
- U.S. cheese production finished higher on a YOY basis for the 57th consecutive month during Dec ’17, increasing by 2.6% to a record seasonal high for the month of December. U.S. dry whey production increased on a YOY basis for the tenth time in the past 11 months, finishing up 6.1%.
- Combined production of U.S. nonfat dry milk and skim milk powder increased on a YOY basis for the second consecutive month during Dec ’17, finishing up 1.7%. U.S. nonfat dry milk production increased 5.4% YOY throughout the month, more than offsetting an 8.8% decline in skim milk powder production. Skim milk powder has declined on a YOY basis over five consecutive months through Dec ’17.