U.S. Dairy Product Production Update – Apr ’20
Executive Summary U.S. dairy product production figures provided by the USDA were recently updated with values spanning through Feb ’20. Highlights from the updated report include:
- U.S. butter production increased on a YOY basis for the ninth consecutive month during Feb ’20, finishing up 5.2% and reaching a seven year high seasonal level.
- U.S. cheese production increased 0.1% on a YOY basis during Feb ’20, reaching the second highest seasonal level on record, however dry whey production declined on a YOY basis for the first time in the past seven months, finishing down 1.5%.
- Combined production of U.S. nonfat dry milk and skim milk powder increased 0.2% on a YOY basis during Feb ’20, finishing higher for the eighth consecutive month. Skim milk powder production increased 9.6% YOY throughout the month, more than offsetting a 2.0% YOY decline in nonfat dry milk production.