U.S. Dairy Cold Storage Update – Jun ’18
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through May ’18. Highlights from the updated report include:
- May ’18 U.S. butter stocks increased on a YOY basis for the fifth time in the past six months, finishing 8.0% above the previous year. Butter stocks finished at a 25 year seasonal high for the month of May.
- May ’18 U.S. cheese stocks increased 5.9% YOY, finishing at a new monthly record high level. Cheese stocks have finished higher on a YOY basis over 43 consecutive months through May.