U.S. Dairy Product Production Update – Dec ’19
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through Oct ’19. Highlights from the updated report include:
- Oct ’19 U.S. butter production increased on a YOY basis for the fifth consecutive month, finishing up 5.4% and reaching a record high seasonal level.
- Oct ’19 U.S. cheese production declined on a YOY basis for the first time in the past eight months, finishing down 2.1%, however U.S. dry whey production remained higher on a YOY basis for the third consecutive month, increasing 7.0% and reaching a 17 year high seasonal level.
- Oct ’19 combined production of U.S. nonfat dry milk and skim milk powder increased 5.4% on a YOY basis, finishing higher for the fourth consecutive month. Nonfat dry milk production increased 11.1% YOY throughout the month, more than offsetting a 9.0% YOY decline in skim milk powder production.