U.S. Dairy Dry Product Stocks Update – Mar ’20
Executive Summary U.S. dairy dry product stock figures provided by the USDA were recently updated with values spanning through Jan ’20. Highlights from the updated report include:
- U.S. dry whey stocks declined contraseasonally throughout Jan ’20, finishing 16.1% lower on a YOY basis and reaching a five year seasonal low level.
- U.S. nonfat dry milk stocks increased seasonally throughout Jan ’20 but remained 2.5% lower on a YOY basis, reaching a three year low seasonal level.