U.S. Dairy Commercial Disappearance Update – Jun ’18
Executive Summary U.S. dairy commercial disappearance figures provided by USDA were recently updated with values spanning through Apr ’18. Highlights from the updated report include:
- Apr ’18 U.S. commercial disappearance for milk used in all products increased to a record seasonal high on both a milk-fat and skim-solids basis, finishing up 0.6% YOY and 4.5% YOY, respectively. Commercial disappearance on a skim-solids basis reached a new monthly record high level throughout the month. Seasonal record high commercial disappearance levels were experienced despite YOY reductions in domestic demand.
- Apr ’18 U.S. cheese and nonfat dry milk/skim milk powder commercial disappearance each increased to new record seasonal highs throughout the month while whey protein concentrate and dry whey commercial disappearance finished at four and ten year seasonal highs, respectively. Butter commercial disappearance finished flat on a YOY basis throughout the month, remaining at a three year seasonal high.
- U.S. fluid milk sales increased on a YOY basis for the first time in the past 11 months during Apr ’18 as total sales finished up 0.4%. Despite finishing higher on a YOY basis, Apr ’18 fluid milk sales remained at the second lowest seasonal figure on record for the month of April. Sales of fat-free milk remained particularly weak, declining by 7.4% YOY throughout the month.