U.S. Dairy Cold Storage Update – Sep ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Aug ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the 14th consecutive month during Aug ’20, finishing up 22.1% and reaching a 27 year high seasonal level.
- Aug ’20 U.S. cheese stocks declined to a five month low level but remained 1.0% higher on a YOY basis, reaching a record high seasonal level.