U.S. Dairy Product Production Update – Oct ’19
Executive Summary U.S. dairy product production figures provided by USDA were recently updated with values spanning through Aug ’19. Highlights from the updated report include:
- Aug ’19 U.S. butter production increased on a YOY basis for the third consecutive month, finishing up 2.1% and reaching a record high seasonal level.
- Aug ’19 U.S. cheese production increased 2.2% YOY to a record high seasonal level while U.S. dry whey production finished higher on a YOY basis for the first time in the past ten months, finishing up 7.2%
- Aug ’19 combined production of U.S. nonfat dry milk and skim milk powder increased 3.9% on a YOY basis, finishing higher for the second consecutive month. Nonfat dry milk production increased 2.5% YOY throughout the month while skim milk powder production increased 8.0% YOY.