U.S. Dairy Cold Storage Update – Apr ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the ninth consecutive month during Mar ’20, finishing up 14.8% and reaching a 27 year seasonal high level.
- Mar ’20 U.S. cheese stocks remained lower on a YOY basis for the seventh consecutive month, finishing down 0.8%. Cheese stocks remained 3.7% above three year average seasonal levels, however.