U.S. Dairy Product Production Update – Nov ’19
Executive Summary
U.S. dairy product production figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
Cheese – Production Remains at a Record High Seasonal Level, Finishes up 2.1% YOY
Sep ’19 total U.S. cheese production increased 2.1% YOY, reaching a record high seasonal level for the month of September. The YOY increase in cheese production was the seventh experienced in a row. YOY increases in cheese production were widespread regionally and led by the Atlantic U.S. (+6.0%), followed by the Central U.S. (+2.0%) and the Western U.S. (+1.0%). Other-than-cheddar cheese production increased 4.1% on a YOY basis throughout the month, more than offsetting a 3.1% YOY decline in cheddar cheese production.
’17-’18 annual cheese production increased 3.0% YOY to a record annual high as cheddar cheese production finished 2.7% higher and other-than-cheddar cheese increased 3.1%. ’18-’19 annual cheese production increased an additional 1.7% YOY, driven higher by a 2.7% increase in other-than-cheddar production.
Dry Whey – Production Increases to a 25 Year High Seasonal Level, Finishes up 31.5% YOY
Sep ’19 U.S. dry whey production increased 31.5% YOY, finishing higher on a YOY basis for the second consecutive month. The YOY increase in dry whey production was the largest experienced throughout the past 52 years on a percentage basis. Sep ’19 YOY increases in dry whey production were widespread regionally and led by the Western U.S. (+87.3%), followed by the Central U.S. (+18.8%) and the Atlantic U.S. (+8.0%).
Combined whey protein concentrate (WPC) and whey protein isolate (WPI) production remained lower on a YOY basis for the eighth consecutive month during Sep ’19, however, finishing down 7.1%. The YOY increase in dry whey production more than offset the YOY declines in WPC and WPI production experienced throughout Sep ’19, resulting in combined production increasing by 15.0%.
’17-’18 annual dry whey production declined 0.7% YOY however combined production of dry whey, WPC and WPI finished up 1.3%. ’18-’19 annual dry whey production declined an additional 5.4% YOY, despite the most recent YOY increase, while combined production of dry whey, WPC and WPI declined 4.4%.
NFDM/SMP – Combined Production Higher YOY for the Third Consecutive Month, Finishes up 6.9%
Sep ’19 U.S. nonfat dry milk (NFDM) production declined seasonally to an 11 month low level but remained higher on a YOY basis for the fifth consecutive month, finishing up 7.9%. Sep ’19 YOY increases in Central U.S. (+31.1%) and Atlantic U.S. (+25.7) NFDM production more than offset a 2.9% YOY decline in Western U.S. production experienced throughout the month.
Production of skim milk powder (SMP), which is more suited to the requirements of most global markets, finished higher on a YOY basis for the second consecutive month during Sep ’19, increasing by 4.6%. Sep ’19 combined production of NFDM and SMP increased 6.9% on a YOY basis, finishing higher for the third consecutive month.
’17-’18 annual combined production of NFDM and SMP increased 0.2% to a record high annual level however ’18-’19 annual combined production of NFDM and SMP finished down 2.0% YOY, despite the recently experienced YOY increases.
Overall, dry whey production increased most significantly YOY on a percentage basis during Sep ’19, followed by nonfat dry milk production, while cheddar cheese production declined most significantly on a percentage basis throughout the month.
- Sep ’19 U.S. butter production increased on a YOY basis for the fourth consecutive month, finishing up 1.2% and reaching an eight year high seasonal level.
- Sep ’19 U.S. cheese production increased 2.1% YOY to a record high seasonal level while U.S. dry whey production finished higher on a YOY basis for the second consecutive month, increasing 31.5% and reaching a 25 year high seasonal level.
- Sep ’19 combined production of U.S. nonfat dry milk and skim milk powder increased 6.9% on a YOY basis, finishing higher for the third consecutive month. Nonfat dry milk production increased 7.9% YOY throughout the month while skim milk powder production increased 4.6% YOY.
Cheese – Production Remains at a Record High Seasonal Level, Finishes up 2.1% YOY
Sep ’19 total U.S. cheese production increased 2.1% YOY, reaching a record high seasonal level for the month of September. The YOY increase in cheese production was the seventh experienced in a row. YOY increases in cheese production were widespread regionally and led by the Atlantic U.S. (+6.0%), followed by the Central U.S. (+2.0%) and the Western U.S. (+1.0%). Other-than-cheddar cheese production increased 4.1% on a YOY basis throughout the month, more than offsetting a 3.1% YOY decline in cheddar cheese production.
’17-’18 annual cheese production increased 3.0% YOY to a record annual high as cheddar cheese production finished 2.7% higher and other-than-cheddar cheese increased 3.1%. ’18-’19 annual cheese production increased an additional 1.7% YOY, driven higher by a 2.7% increase in other-than-cheddar production.
Dry Whey – Production Increases to a 25 Year High Seasonal Level, Finishes up 31.5% YOY
Sep ’19 U.S. dry whey production increased 31.5% YOY, finishing higher on a YOY basis for the second consecutive month. The YOY increase in dry whey production was the largest experienced throughout the past 52 years on a percentage basis. Sep ’19 YOY increases in dry whey production were widespread regionally and led by the Western U.S. (+87.3%), followed by the Central U.S. (+18.8%) and the Atlantic U.S. (+8.0%).
Combined whey protein concentrate (WPC) and whey protein isolate (WPI) production remained lower on a YOY basis for the eighth consecutive month during Sep ’19, however, finishing down 7.1%. The YOY increase in dry whey production more than offset the YOY declines in WPC and WPI production experienced throughout Sep ’19, resulting in combined production increasing by 15.0%.
’17-’18 annual dry whey production declined 0.7% YOY however combined production of dry whey, WPC and WPI finished up 1.3%. ’18-’19 annual dry whey production declined an additional 5.4% YOY, despite the most recent YOY increase, while combined production of dry whey, WPC and WPI declined 4.4%.
NFDM/SMP – Combined Production Higher YOY for the Third Consecutive Month, Finishes up 6.9%
Sep ’19 U.S. nonfat dry milk (NFDM) production declined seasonally to an 11 month low level but remained higher on a YOY basis for the fifth consecutive month, finishing up 7.9%. Sep ’19 YOY increases in Central U.S. (+31.1%) and Atlantic U.S. (+25.7) NFDM production more than offset a 2.9% YOY decline in Western U.S. production experienced throughout the month.
Production of skim milk powder (SMP), which is more suited to the requirements of most global markets, finished higher on a YOY basis for the second consecutive month during Sep ’19, increasing by 4.6%. Sep ’19 combined production of NFDM and SMP increased 6.9% on a YOY basis, finishing higher for the third consecutive month.
’17-’18 annual combined production of NFDM and SMP increased 0.2% to a record high annual level however ’18-’19 annual combined production of NFDM and SMP finished down 2.0% YOY, despite the recently experienced YOY increases.
Overall, dry whey production increased most significantly YOY on a percentage basis during Sep ’19, followed by nonfat dry milk production, while cheddar cheese production declined most significantly on a percentage basis throughout the month.