U.S. Dairy Cold Storage Update – Nov ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Oct ’19. Highlights from the updated report include:
- Oct ’19 U.S. butter stocks declined seasonally to a nine month low level but remained higher on a YOY basis for the fourth consecutive month, finishing up 2.8% and reaching a 26 year seasonal high level.
- Oct ’19 U.S. cheese stocks declined to a 19 month low level, finishing 2.4% lower on a YOY basis. Cheese stocks remained 4.2% above three year average seasonal levels, however.