U.S. Dairy Product Production Update – Nov ’20
Executive Summary U.S. dairy product production figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- Sep ’20 U.S. butter production finished 5.4% higher on a YOY basis, remaining at a record high seasonal level for the third consecutive month.
- Sep ’20 U.S. cheese production finished 1.1% higher on a YOY basis, reaching a record high seasonal level, however dry whey production finished lower on a YOY basis for the second consecutive month, declining by 17.3%.
- Combined production of U.S. nonfat dry milk and skim milk powder increased 11.4% on a YOY basis during Sep ’20, reaching a record high seasonal level. Nonfat dry milk production increased 5.5% YOY throughout the month, reaching a three year seasonal high level, while skim milk powder production increased to a record high level.