U.S. Dairy Cold Storage Update – Nov ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- U.S. butter stocks declined seasonally to a nine month low level throughout Oct ’20 but remained higher on a YOY basis for the 16th consecutive month, finishing up 28.0% and reaching a 27 year high seasonal level.
- U.S. cheese stocks declined seasonally to a ten month low level throughout Oct ’20, finishing 0.2% lower on a YOY basis and reaching a three year seasonal low level.