US Dairy Dry Product Stocks Update – Feb ’18
Executive Summary
U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Dec ’17. Highlights from the updated report include:
- Dec ’17 U.S. dry whey stocks remained at a record high seasonal level, finishing 49.8% above the previous year volumes. Overall, dry whey stocks finished at the fourth largest monthly figure on record.
- Dec ’17 U.S. nonfat dry milk stocks increased to a new monthly record high, finishing 46.5% above the previous year volumes. Nonfat dry milk stocks have finished higher on a YOY basis over 11 consecutive months through December, however the November – December seasonal build in stocks was smaller than historical averages.