U.S. Dairy Product Production Update – Sep ’19
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through Jul ’19. Highlights from the updated report include:
- Jul ’19 U.S. butter production increased on a YOY basis for the second consecutive month, finishing up 6.0% and reaching a record high seasonal level.
- Jul ’19 U.S. cheese production increased 0.5% YOY to a record high seasonal level however U.S. dry whey production remained lower on a YOY basis for the 13th time in the past 14 months, finishing down 8.9% to a four year seasonal low level.
- Jul ’19 combined production of U.S. nonfat dry milk and skim milk powder increased 4.0% on a YOY basis, finishing higher for the first time in the past six months. Nonfat dry milk production increased 12.4% YOY throughout the month, more than offsetting a 22.7% YOY decline in skim milk powder production.