Skip to content
800-884-8290

|

Client Login

|

Open an Account
  • About Us
  • Services
    • Futures & Options Brokerage
    • Organic Grain Swaps
    • Margin Management
    • Commodity Marketing Education
    • Consulting & Insurance
  • Research
    • Dairy
    • Livestock
    • Grain & Oilseeds
    • Ethanol & Biodiesel
  • Account
  • Quotes
  • Contact Us

U.S. Commercial Disappearance Update – Aug ’14

  • August 28, 2014
  • by wbabler
All Milk – Commercial Disappearance up YOY for 13th Straight Month According to USDA, Jun ’14 U.S. commercial disappearance for milk used in all products was up 2.7% YOY and 3.8% MOM on a daily average basis. June represented the 13th straight month of YOY increases in commercial disappearance for milk used in all products, with the Jun ’14 figure being the second largest on record. ’13-’14 YTD commercial disappearance for milk used in all products is up 3.6% through the first three quarters of the production season, on pace to be the largest annual increase on record. Monthly US All Milk Commercial Disappearance - Aug Butter – Commercial Disappearance up Marginally MOM Despite Higher Prices Jun ’14 U.S. butter commercial disappearance increased 2.8% YOY and 3.6% MOM on a daily average basis. Relative butter disappearance remains low, with May-Jun ’14 combined disappearance being the lowest two month figure in over a year. Demand for U.S. butter appears to have moderated due to recent significant price increases. The Jul ’14 announced butter price was up 52.2% YOY and 7.3% MOM, with additional gains experienced throughout the month of August. Higher butter prices have led to a decline in exports, with Q2 ’14 butter export sales 36.2% below Q1 ’14 sales on a daily average basis. ’13-’14 YTD butter commercial disappearance remains up 9.3% YOY, putting additional pressure on historically tight butter stocks. U.S. butter stocks remain extremely low, with Apr-Jul ’14 average butter stocks down 42.0% YOY. Monthly US Butter Commercial Disappearance - Aug Cheese – YOY Commercial Disappearance Increases Continue Jun ’14 U.S. cheese commercial disappearance increased 4.5% YOY and 5.0% MOM on a daily average basis. Jun ’14 disappearance was the second largest figure on record on a daily average basis, trailing only Oct ’13 disappearance. Despite relatively high prices, U.S. cheese exports have remained strong; with Jun ’14 export volumes increasing 32.2% YOY and 10.3% MOM on a daily average basis. ’13-’14 YTD cheese commercial disappearance is up 3.3% YOY, putting additional pressure on tight cheese stocks. U.S. cheese stocks remain extremely low, with the Mar-Jul ’14 YOY declines in stocks being the largest in over 12 years. Growth in commercial use of other-than-American type cheese (up 4.1% YTD) has been stronger than for American cheese types (up 2.1% YTD), with other-than-American cheese disappearance particularly strong in Jun ’14, increasing 5.6% YOY. Monthly US Cheese Commercial Disappearance - Aug NFDM/SMP – Commercial Disappearance off Recent High, Remains up YOY Jun ’14 U.S. NFDM/SMP commercial disappearance increased 1.3% YOY but declined 17.7% MOM on a daily average basis from the recent high experienced in May ’14. U.S. NFDM/SMP export volumes remain robust, implying lower domestic powder demand. Jun ’14 export volumes of NFDM/SMP reached a new all-time high, increasing 26.0% YOY and 3.9% MOM on a daily average basis over the previous record high export volumes experienced in May ’14. ’13-’14 YTD NFDM/SMP commercial disappearance is up 4.2% YOY through the first three quarters of the production season. Monthly US NFDM-SMP Commercial Disappearance - Aug Fluid Milk Sales – YOY Sales Continue to Decline Through May U.S. fluid milk sales continue to decline, with May ’14 sales down 3.5% YOY and 2.0% MOM on a daily average basis. Higher milk prices have accelerated the decline in demand for fluid milk over the past several months. Monthly fluid milk sales have declined YOY for 13 straight months, with an average YOY decline of 2.3% over the period. ’13-’14 YTD fluid milk sales are down 2.7% through the first eight months of the production season, on pace to be the largest YOY decline in fluid milk sales on record. Monthly US Fluid Milk Sales - Aug See the table below for a summary of key Jun ’14 U.S. dairy commercial disappearance figures in addition to the May ‘14 fluid milk sales figure. US Commerical Disappearance Table - Aug
EU-28 Milk Production Remains Strong – Aug ’14
Global Dairy Trade Results Update – GDT Price Index Continues Declines – 9/2/14
Dairy
Ethanol
Livestock
Grain

Recent Dairy Research

  • Food Service Sales Update – Dec ’22
  • Global Dairy Trade Update 11-15-22
  • Dairy Products Production – Jul ’29
  • USDA Semi-Annual EU Dairy Production Report
  • U.S. Dairy Cold Storage Update – May ’22
Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
Privacy Policy
Futures, options and swaps brokerage is provided through Atten Babler Commodities LLC. The risk of loss in trading commodity futures and options and swaps is substantial. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Before trading, you should carefully consider your financial position to determine if futures, options or swaps trading is appropriate. When trading futures, options or swaps, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. Atten Babler Commodities LLC use sources that they believe to be reliable, but they cannot warrant the accuracy of any of the data included in this site. Opinions and market data are subject to change at any time. Unless otherwise stated the information contained herein is meant for informational purposes only and is not a solicitation to buy futures or options or swaps.
© Copyright 2023 Atten Babler Commodities LLC