U.S. Dairy Product Production Update – May ’20
Executive Summary U.S. dairy product production figures provided by the USDA were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
- U.S. butter production increased on a YOY basis for the ninth time in the past ten months during Mar ’20, finishing up 7.5% and reaching a record high seasonal level.
- U.S. cheese production increased 0.2% on a YOY basis during Mar ’20, reaching a record high seasonal level, while dry whey production increased on a YOY basis for the seventh time in the past eight months, finishing up 5.4%.
- Combined production of U.S. nonfat dry milk and skim milk powder increased 1.6% on a YOY basis during Mar ’20, finishing higher for the ninth consecutive month. Nonfat dry milk production increased 6.7% YOY throughout the month, more than offsetting a 15.4% YOY decline in skim milk powder production.