Skip to content
800-884-8290

|

Client Login

|

Open an Account
  • About Us
  • Services
    • Futures & Options Brokerage
    • Organic Grain Swaps
    • Margin Management
    • Commodity Marketing Education
    • Consulting & Insurance
  • Research
    • Dairy
    • Livestock
    • Grain & Oilseeds
    • Ethanol & Biodiesel
  • Account
  • Quotes
  • Contact Us

U.S. Dairy Dry Product Stocks Update – May ’20

  • May 5, 2020
  • by Belinda Przybylski
Executive Summary U.S. dairy dry product stock figures provided by the USDA were recently updated with values spanning through Mar ’20. Highlights from the updated report include:
  • U.S. dry whey stocks finished 12.8% lower on a YOY basis, reaching a five year low seasonal level.
  • U.S. nonfat dry milk stocks increased to a record high level throughout Mar ’20, finishing 20.5% higher on a YOY basis.
Additional Report Details Dry Whey – Stocks Decline to a Five Year Low Seasonal Level, Finish 12.8% Lower YOY According to the USDA, Mar ’20 month-end dry whey stocks declined 1.7% from the previous month while finishing 12.8% lower on a YOY basis and reaching a five year low seasonal level. The YOY decline in dry whey stocks was just the second experienced throughout the past seven months. The MOM decline in dry whey stocks of 1.2 million pounds, or 1.7%, was a contraseasonal move when compared to the ten year average February – March seasonal build in dry whey stocks of 3.0 million pounds, or 5.5%. Dry whey production increased 5.4% on a YOY basis throughout Mar ’20, finishing higher for the seventh time in the past eight months. On a days of usage basis, Mar ’20 U.S. dry whey stocks also finished lower YOY. When assuming 12-month rolling average YOY changes in usage rates and known stock values for the month of March, dry whey stocks on a days of usage basis finished 13.3% lower YOY, declining on a YOY basis for the third time in the past four months. Nonfat Dry Milk – Stocks Increase to a Record High Level, Finish up 20.5% YOY Mar ’20 month-end nonfat dry milk (NFDM) stocks increased 9.7% month-over-month to a record high level, finishing 20.5% higher on a YOY basis. The YOY increase in NFDM stocks was the second experienced in a row and the largest experienced throughout the past two years on a percentage basis. NFDM stocks had finished lower on a YOY basis over eight consecutive months prior to the two most recent increases in stock volumes. The MOM increase in NFDM stocks of 30.9 million pounds, or 9.7%, was significantly greater than the ten year average February – March seasonal build in NFDM stocks of 3.0 million pounds, or 2.0%. NFDM production increased 6.7% on a YOY basis throughout Mar ‘20, finishing higher for the tenth time in the past 11 months. On a days of usage basis, Mar ’20 U.S. NFDM stocks also finished higher YOY. When assuming 12-month rolling average YOY changes in usage rates and known stock values for the month of March, NFDM stocks on a days of usage basis finished 17.0% higher YOY, increasing on a YOY basis for the third consecutive month. Combined Dairy Product Stocks – Stocks Increase YOY for the Second Consecutive Month, up 3.8% Mar ’20 combined stocks of butter, cheese, dry whey and NFDM increased 3.8% on a YOY basis, finishing higher for the second consecutive month. Combined dairy product stocks reached a record high seasonal level for the month of March.  
U.S. Dairy Product Production Update – May ’20
U.S. Dairy Exports Update – May ’20
Dairy
Ethanol
Livestock
Grain

Recent Dairy Research

  • U.S. Dairy Dry Product Stocks Update – Mar ’21
  • U.S. Dairy Product Production Update – Mar ’21
  • Global Dairy Trade Results Update – 3/2/21
  • Atten Babler Dairy FX Indices – Mar ’21
  • New Zealand Milk Production Update – Feb ’21
Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
Privacy Policy
Futures, options and swaps brokerage is provided through Atten Babler Commodities LLC. The risk of loss in trading commodity futures and options and swaps is substantial. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Before trading, you should carefully consider your financial position to determine if futures, options or swaps trading is appropriate. When trading futures, options or swaps, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. Atten Babler Commodities LLC use sources that they believe to be reliable, but they cannot warrant the accuracy of any of the data included in this site. Opinions and market data are subject to change at any time. Unless otherwise stated the information contained herein is meant for informational purposes only and is not a solicitation to buy futures or options or swaps.
© Copyright 2021 Atten Babler Commodities LLC