U.S. Dairy Dry Product Stocks Update – May ’18
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Mar ’18. Highlights from the updated report include:
- Mar ’18 U.S. dry whey stocks declined 3.5% YOY, finishing at a 13 month low. The YOY decline in dry whey stocks was the first experienced throughout the past ten months.
- Mar ’18 U.S. nonfat dry milk stocks remained higher on a YOY basis for the 14th consecutive month, finishing up 20.9% to a new record seasonal high for the month of March.