U.S. Dairy Product Production Update – Sep ’20
Executive Summary U.S. dairy product production figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- Jul ’20 U.S. butter production continued to decline seasonally but finished 0.7% higher on a YOY basis, reaching a record high seasonal level.
- U.S. cheese production increased 1.8% YOY, reaching a record high seasonal level, while dry whey production increased on a YOY basis for the 11th time in the past 12 months, finishing up 2.0%.
- Combined production of U.S. nonfat dry milk and skim milk powder declined 2.0% on a YOY basis during Jul ’20, finishing lower for the second consecutive month. Nonfat dry milk production declined 5.2% YOY throughout the month, more than offsetting a 9.7% YOY increase in skim milk powder production.