U.S. Dairy Cold Storage Update – Oct ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the 15th consecutive month during Sep ’20, finishing up 18.3% and reaching a 27 year high seasonal level.
- Sep ’20 U.S. cheese stocks declined seasonally to an eight month low level, finishing 1.0% lower on a YOY basis and reaching a three year seasonal low level.