U.S. Dairy Cold Storage Update – Aug ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the 13th consecutive month during Jul ’20, finishing up 13.1% and reaching a 27 year high seasonal level for the month of July.
- Jul ’20 U.S. cheese stocks declined contraseasonally for the third consecutive month but remained 2.4% higher on a YOY basis, reaching the second highest seasonal level on record.