U.S. Dairy Cold Storage Update – Oct ’19
Executive Summary U.S. cold storage figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
- Sep ’19 U.S. butter stocks remained higher on a YOY basis for the third consecutive month, finishing up 7.0% and reaching a 26 year seasonal high level.
- Sep ’19 U.S. cheese stocks increased contraseasonally from the previous month but remained 0.8% below the record high seasonal levels experienced throughout the previous year.