U.S. Dairy Commercial Disappearance Update – Oct ’19
Executive Summary U.S. dairy commercial disappearance figures provided by USDA were recently updated with values spanning through Aug ’19. Highlights from the updated report include:
- Aug ’19 U.S. commercial disappearance for milk used in all products declined 1.8% YOY on a milk-fat basis and 1.7% YOY on a skim-solids basis. Domestic demand declined 1.2% YOY on a milk-fat basis throughout the month but increased 1.5% YOY on a skim-solids basis.
- Aug ’19 U.S. cheese and nonfat dry milk/skim milk powder commercial disappearance declined 1.7% and 5.4%, respectively, but each remained at the second highest seasonal levels on record. Dry whey and whey protein concentrate commercial disappearance declined 3.6% and 2.0% YOY, respectively, on weak export demand, however butter commercial disappearance increased 1.0% YOY, reaching a four year seasonal high level.
- Aug ’19 U.S. fluid milk sales declined on a YOY basis for the 15th time in the past 16 months, finishing down 1.9% to a record low seasonal level.