U.S. Dairy Cold Storage Update – Feb ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Jan ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the seventh consecutive month during Jan ’20, finishing up 14.9% and reaching a 26 year seasonal high level.
- Jan ’20 U.S. cheese stocks rebounded from the 22 month low level experienced throughout the previous month but remained lower on a YOY basis for the seventh time in the past eight months, finishing down 1.2%.