U.S. Dairy Product Production Update – Feb ’20
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through Dec ’19. Highlights from the updated report include:
- Dec ’19 U.S. butter production increased on a YOY basis for the seventh consecutive month, finishing up 4.0% and reaching a record high seasonal level.
- Dec ’19 U.S. cheese production increased 0.2% YOY, reaching a record high seasonal level, while dry whey production remained higher on a YOY basis for the fifth consecutive month, finishing up 7.1%.
- Dec ’19 combined production of U.S. nonfat dry milk and skim milk powder increased 12.5% on a YOY basis, finishing higher for the sixth consecutive month. Nonfat dry milk production increased 15.3% YOY throughout the month while skim milk powder production finished 4.8% higher YOY.