U.S. Dairy Dry Product Stocks Update – May ’20
Executive Summary U.S. dairy dry product stock figures provided by the USDA were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
- U.S. dry whey stocks finished 12.8% lower on a YOY basis, reaching a five year low seasonal level.
- U.S. nonfat dry milk stocks increased to a record high level throughout Mar ’20, finishing 20.5% higher on a YOY basis.