U.S. Dairy Commercial Disappearance Update – Jan ’20
Executive Summary U.S. dairy commercial disappearance figures provided by USDA were recently updated with values spanning through Nov ’19. Highlights from the updated report include:
- Nov ’19 U.S. commercial disappearance for milk used in all products declined 2.6% YOY on a milk-fat basis but finished 1.2% higher YOY on a skim-solids basis. Domestic demand declined 2.0% YOY on a milk-fat basis and 2.4% YOY on a skim-solids basis throughout the month.
- U.S. butter, cheese and dry whey disappearance each declined on a YOY basis for the first time in the past three months throughout Nov ’19. Domestic butter and cheese disappearance declined YOY throughout the month while dry whey export demand remained lower. Nonfat dry milk/skim milk powder disappearance remained higher on a YOY basis for the third consecutive month, however, increasing by a 15 month high YOY growth rate of 28.3%. Nov ’19 whey protein concentrate finished higher on a YOY basis for the first time in the past ten months, finishing up 0.5%.
- Oct ’19 U.S. fluid milk sales declined on a YOY basis for the 17th time in the past 18 months, finishing down 2.1% and reaching a record low seasonal level.