U.S. Dairy Cold Storage Update – Apr ’18
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Mar ’18. Highlights from the updated report include:
- Mar ’18 U.S. butter stocks increased on a YOY basis for the third time in the past four months, finishing 0.4% above the previous year. Butter stocks finished at a 25 year seasonal high for the month of March.
- Mar ’18 U.S. cheese stocks increased 5.2% YOY, finishing at a record seasonal high for the month of March. Cheese stocks have finished higher on a YOY basis over 41 consecutive months through March.