U.S. Dairy Dry Product Stocks Update – Feb ’20
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Dec ’19. Highlights from the updated report include:
- Dec ’19 U.S. dry whey stocks declined contraseasonally but remained 2.0% higher on a YOY basis, finishing at the third highest seasonal level on record.
- Dec ’19 U.S. nonfat dry milk stocks increased seasonally from the previous month but remained 10.2% lower on a YOY basis, reaching a three year low seasonal level.