Skip to content
800-884-8290

|

Client Login

|

Open an Account
  • About Us
  • Services
    • Futures & Options Brokerage
    • Organic Grain Swaps
    • Margin Management
    • Commodity Marketing Education
    • Consulting & Insurance
  • Research
    • Dairy
    • Livestock
    • Grain & Oilseeds
    • Ethanol & Biodiesel
  • Account
  • Quotes
  • Contact Us

U.S. Dairy Cold Storage Update – Mar ’16

  • March 22, 2016
  • by wbabler
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Feb ’16. Highlights from the updated report include: • Butter stocks continued to increase seasonally while also remaining higher on a YOY basis, finishing 32.7% above the previous year’s level. • Cheese stocks also remained higher on a YOY basis, finishing up 11.2% to a new 31 year high. Additional Report Details Butter – Stocks Remain Significantly Higher on YOY Basis Monthly US Butter Stocks - Mar 16 According to USDA, Feb ’16 U.S. butter stocks of 235.5 million pounds remained significantly higher on a YOY basis, finishing up 32.7%. Butter stocks increased by 39.4 million pounds, or 20.1%, from the previous month, which was greater than the ten year average January – February seasonal increase of 30.9 million pounds, or 19.9%. Feb ’16 butter stocks finished 20.2% above the three year average butter stocks for the month of February. U.S. butter stocks typically reach their seasonal peak in May, followed by seasonal drawdowns until lows are reached during the winter months. The most recent seasonal drawdown in butter stocks of 132.1 million pounds was 11.7% less than the previous three year average seasonal drawdown as weak export demand outweighed increases in domestic consumption. U.S. butterfat exports have declined YOY for 21 consecutive months through Jan ’16. US Butter Stocks Feb - Mar 16 Cheese – Stocks Remain Significantly Higher YOY, Reach a New 31 Year High Monthly US Cheese Stocks - Mar 16 Feb ’16 U.S. cheese stocks of 1.18 billion pounds finished up 0.3% MOM and 11.2% YOY to a new 31 year high. The monthly YOY increase in cheese stocks was the 16th experienced in a row. Cheese stocks have remained higher YOY in recent months as milk production has strengthened in Midwestern cheese producing states while weakness in cheese export markets has continued. Strong cheese production has been partially offset by continued strong domestic demand, however cheese exports remained lower YOY for the 16th consecutive month during Jan ’16. U.S. cheese stocks typically exhibit a smaller degree of MOM and YOY variation than U.S. butter stocks. Cheese stocks do not have as large of a seasonal build as butter stocks, with the five year average November – July seasonal build in cheese stocks representing a 12.7% increase in stocks vs. a 121.1% increase in butter stocks. The reduced seasonality exhibited in U.S. cheese stocks has led to less volatile YOY variation, with cheese stocks having a five year average absolute YOY change of 5.3% compared to 26.3% for U.S. butter stocks. US Cheese Stocks Feb - Mar 16
U.S. Milk Production Update – Mar ’16
EU-28 Milk Production Update – Mar ’16
Dairy
Ethanol
Livestock
Grain

Recent Dairy Research

  • Food Service Sales Update – Mar ’24
  • U.S. Dairy Trade Update – Sep ’23
  • Food Service Sales Update – Dec ’22
  • Global Dairy Trade Update 11-15-22
  • Dairy Products Production – Jul ’29
Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
Privacy Policy
Atten Babler Commodities, a DBA of Pinion Futures LLC is a CFTC registered Introducing Broker and NFA Member (NFA #0284447) is a fully owned subsidiary of Pinion Risk Management LLC. Information contained herein is believed to be reliable, but cannot be guaranteed as to its accuracy or completeness. Past performance is no guarantee of future results or profitability. Futures and options trading involve substantial risk of loss and is not suitable for all investors. Clients may lose more than their initial investment. All information, communications, publications, and reports, including this specific material, used and distributed by PF shall be construed as a solicitation for entering into a derivatives transaction. PF does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.


Atten Babler Insurance Services a DBA of Pinion Commodities Solutions LLC is an equal opportunity provider and employer. The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the bases of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, martial status, familial or parental status, sexual orientation, or all or part of an individual's income is derived from any public assistance program, or protected genetic information in employment, or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities. This publication is brought to you by Atten Babler Insurance Services and is intended for informational purposes only. Nothing contained herein can or should be interpreted to take precedence over policy language, Federal Crop Insurance Corporation/Risk Management Agency regulation, and Underwriting or Loss Adjustment rules.
© Copyright 2025 Atten Babler Commodities LLC