U.S. Dairy Commercial Disappearance Update – Jun ’20
Executive Summary U.S. dairy commercial disappearance figures provided by the USDA were recently updated with values spanning through Apr ’20. Highlights from the updated report include:
- U.S. commercial disappearance for milk used in all products declined 5.2% YOY on a milk-fat basis and 2.8% YOY on a skim-solids basis during Apr ’20, each reaching four year seasonal low levels. Domestic demand declined 5.0% YOY on a milk-fat basis and 6.2% YOY on a skim-solids basis throughout the month.
- Butter commercial disappearance increased to a six year seasonal high level throughout Apr ’20 however cheese and nonfat dry milk/skim milk powder commercial disappearance declined to six and nine year seasonal low levels, respectively. Apr ’20 dry whey commercial disappearance declined to a five year seasonal low level while whey protein concentrate commercial disappearance declined to as seven year seasonal low.
- U.S. fluid milk sales increased on a YOY basis for the first time in the past eight months during Mar ’20, finishing up 7.9% and reaching a three year seasonal high level. Sales increased as consumers stocked up with the anticipation of hunkering down due to COVID-19.