U.S. Dairy Product Production Update – Jun ’20
Executive Summary U.S. dairy product production figures provided by the USDA were recently updated with values spanning through Apr ’20. Highlights from the updated report include:
- U.S. butter production increased on a YOY basis for the tenth time in the past 11 months during Apr ’20, finishing up 25.1% and reaching the highest monthly level on record.
- U.S. cheese production declined 1.7% on a YOY basis during Apr ’20, reaching a three year low seasonal level, however dry whey production increased on a YOY basis for the eighth time in the past nine months, finishing up 3.8%.
- Combined production of U.S. nonfat dry milk and skim milk powder increased 4.5% on a YOY basis during Apr ’20, finishing higher for the tenth consecutive month. Nonfat dry milk production increased 9.3% YOY throughout the month, more than offsetting a 12.7% YOY decline in skim milk powder production.