U.S. Dairy Dry Product Stocks Update – Sep ’19
Executive Summary U.S. dairy dry product stock figures provided by USDA were recently updated with values spanning through Jul ’19. Highlights from the updated report include:
- Jul ’19 U.S. dry whey stocks declined contraseasonally to a 32 month low level, finishing 15.6% lower on a YOY basis.
- Jul ’19 U.S. nonfat dry milk stocks declined 8.3% YOY, reaching a three year seasonal low level but remaining slightly above three year average figures.