U.S. Dairy Dry Product Stocks Update – Jul ’18
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through May ’18. Highlights from the updated report include:
- May ’18 U.S. dry whey stocks rebounded from the 15 month low levels experienced during the previous month but remained 7.8% lower on a YOY basis. The YOY decline in dry whey stocks was the third experienced in a row.
- May ’18 U.S. nonfat dry milk stocks declined to a 13 month low, finishing 3.1% lower YOY. The YOY decline in nonfat dry milk stocks was the first experienced throughout the past 16 months.