U.S. Dairy Cold Storage Update – Jan ’20
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Dec ’19. Highlights from the updated report include:
- Dec ’19 U.S. butter stocks remained higher on a YOY basis for the sixth consecutive month, finishing up 5.9% and reaching a 26 year seasonal high level.
- Dec ’19 U.S. cheese stocks declined to a 23 month low level, finishing 2.2% lower on a YOY basis. Cheese stocks remained 3.2% above three year average seasonal levels, however.