U.S. Dairy Cold Storage Update – May ’18
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Apr ’18. Highlights from the updated report include:
- Apr ’18 U.S. butter stocks increased on a YOY basis for the fourth time in the past five months, finishing 5.2% above the previous year. Butter stocks finished at a five year seasonal high for the month of April.
- Apr ’18 U.S. cheese stocks increased 3.3% YOY, finishing at a record seasonal high for the month of April. Cheese stocks have finished higher on a YOY basis over 42 consecutive months through April.