U.S. Dairy Dry Product Stocks Update – Jul ’20
Executive Summary U.S. dairy dry product stock figures provided by the USDA were recently updated with values spanning through May ’20. Highlights from the updated report include:
- U.S. dry whey stocks increased to a 27 month high level throughout May ’20, finishing 28.6% higher on a YOY basis.
- May ’20 U.S. nonfat dry milk stocks declined contraseasonally from the record high level experienced throughout the previous month but remained 18.8% higher on a YOY basis, reaching a record high seasonal level.