U.S. Dairy Dry Product Stocks Update – Aug ’18
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Jun ’18. Highlights from the updated report include:
- Jun ’18 U.S. dry whey stocks rebounded to a three month high but remained 13.1% lower on a YOY basis, finishing lower for the third consecutive month.
- Jun ’18 U.S. nonfat dry milk stocks rebounded to a five month high while also finishing 1.4% higher on a YOY basis. Nonfat dry milk stocks have finished higher on a YOY basis over 16 of the past 17 months through Jun ’18.