U.S. Dairy Product Production Update – Nov ’19
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
- Sep ’19 U.S. butter production increased on a YOY basis for the fourth consecutive month, finishing up 1.2% and reaching an eight year high seasonal level.
- Sep ’19 U.S. cheese production increased 2.1% YOY to a record high seasonal level while U.S. dry whey production finished higher on a YOY basis for the second consecutive month, increasing 31.5% and reaching a 25 year high seasonal level.
- Sep ’19 combined production of U.S. nonfat dry milk and skim milk powder increased 6.9% on a YOY basis, finishing higher for the third consecutive month. Nonfat dry milk production increased 7.9% YOY throughout the month while skim milk powder production increased 4.6% YOY.