U.S. Dry Product Stocks Update – Aug ’15
Dry Whey – Stocks Increase to New Two Year High Jun ’15 month-end dry whey stocks increased by 1.1%, or 0.8 million lbs, MOM to a new two year high as production continues to expand on a YOY basis. May ’15 month-end dry whey stocks were also revised significantly higher, increasing by 10.5% from the previous stated figure. Total dry whey stocks of 73.0 million lbs finished higher on a YOY basis for the sixth consecutive month, finishing 17.5% higher than a year ago and 18.5% higher than the three year average June dry whey stocks. NFDM – Stocks Reach New Monthly Record High Despite the seasonal decline in total powder production, Jun ’15 month-ending NFDM stocks reached a new monthly record high for the second consecutive month. Jun ’15 NFDM stocks increased by 0.4%, or 0.9 million lbs, MOM from the previous monthly record high to a total of 262.3 million lbs. May ’15 NFDM stocks also remained significantly higher on a YOY basis, finishing 15.2% higher than a year ago and 30.7% higher than the three year average June NFDM stocks.