U.S. Dairy Product Production Update – Jul ’18
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through May ’18. Highlights from the updated report include:
- May ’18 U.S. butter production increased 2.8% YOY, finishing at a three year seasonal high for the month of May. Butter production has finished higher on a YOY basis over eight consecutive months through May ’18.
- U.S. cheese production finished higher on a YOY basis for the 62nd consecutive month during May ’18, increasing by 1.4% to a record seasonal high for the month of May. U.S. dry whey production increased on a YOY basis for the 15th time in the past 16 months, finishing up 3.2% to a six year seasonal high.
- Combined production of U.S. nonfat dry milk and skim milk powder declined 3.7% on a YOY basis, finishing lower for the second consecutive month. U.S. nonfat dry milk production declined 4.5% YOY throughout the month while skim milk powder production finished 1.3% lower.