U.S. Dairy Dry Product Stocks Update – Jun ’18
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Apr ’18. Highlights from the updated report include:
- Apr ’18 U.S. dry whey stocks declined 19.7% YOY, finishing at a 15 month low. The YOY decline in dry whey stocks was the largest experienced throughout the past 19 months on a percentage basis.
- Apr ’18 U.S. nonfat dry milk stocks declined to a 12 month low but remained higher on a YOY basis for the 15th consecutive month, finishing up 2.5% to a new record seasonal high for the month of April.