U.S. Dairy Dry Product Stocks Update – Jan ’20
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Nov ’19. Highlights from the updated report include:
- Nov ’19 U.S. dry whey stocks finished 16.8% higher on a YOY basis, remaining at the second highest seasonal level on record.
- Nov ’19 U.S. nonfat dry milk stocks increased slightly from the 35 month low level experienced throughout the previous month but remained 22.8% lower on a YOY basis, reaching a three year low seasonal level.