U.S. Dairy Dry Product Stocks Update – Mar ’18
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Jan ’18. Highlights from the updated report include:
- Jan ’18 U.S. dry whey stocks declined contraseasonally from the previous month but remained at a record high seasonal level, finishing 28.6% above the previous year volumes.
- Jan ’18 U.S. nonfat dry milk stocks increased to a new monthly record high, finishing 50.0% above the previous year volumes. Nonfat dry milk stocks have finished higher on a YOY basis over 12 consecutive months through January.