U.S. Dairy Cold Storage Update – May ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through Apr ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the 11th consecutive month during Apr ’20, finishing up 26.8% and reaching a 26 year high level.
- Apr ’20 U.S. cheese stocks reached a record high monthly figure, finishing 6.1% above previous year volumes. The YOY increase in cheese stocks was the first experienced throughout the past eight months.