U.S. Dairy Cold Storage Update – Sep ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Aug ’19. Highlights from the updated report include:
- Aug ’19 U.S. butter stocks declined seasonally but remained 4.9% above previous year figures, finishing higher on a YOY basis for the second consecutive month.
- Aug ’19 U.S. cheese stocks increased to a record high seasonal level for the month of August, finishing 0.2% higher on a YOY basis. The YOY increase in cheese stocks was the first experienced throughout the past three months.