U.S. Dairy Product Production Update – Mar ’18
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through Jan ’18. Highlights from the updated report include:
- Jan ’18 U.S. butter production increased 4.3% YOY, finishing higher on a YOY basis for the sixth time in the past seven months.
- U.S. cheese production finished higher on a YOY basis for the 58th consecutive month during Jan ’18, increasing by 3.4% to a record seasonal high for the month of January. U.S. dry whey production increased on a YOY basis for the 11th time in the past 12 months, finishing up 8.5%.
- Combined production of U.S. nonfat dry milk and skim milk powder declined 0.6% on a YOY basis, finishing lower for the first time in the past three months. U.S. skim milk powder production declined 17.2% YOY throughout the month, more than offsetting a 5.4% increase in nonfat dry milk production. Skim milk powder has declined on a YOY basis over six consecutive months through Jan ’18.