U.S. Dairy Commercial Disappearance Update – Dec ’20
Executive Summary U.S. dairy commercial disappearance figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- U.S. commercial disappearance for milk used in all products finished lower YOY on both a milk-fat and skim-solids basis throughout Oct ’20. Domestic demand declined 0.9% YOY on a milk-fat basis and 4.0% YOY on a skim-solids basis throughout the month.
- U.S. butter, cheese and whey protein concentrate commercial disappearance all declined to three year low seasonal levels throughout Oct ’20 while dry whey and nonfat dry milk/skim milk powder disappearance also finished lower on a YOY basis throughout the month, despite higher export volumes.
- U.S. fluid milk sales remained lower on a YOY basis for the second consecutive month during Sep ’20, finishing down 1.1% and reaching a record low seasonal level. Sales of whole milk reached a 12 year high seasonal level however fat-free milk sales remained particularly weak, finishing down 15.1% YOY.