U.S. Dairy Cold Storage Update – Jun ’20
Executive Summary U.S. cold storage figures provided by the USDA were recently updated with values spanning through May ’20. Highlights from the updated report include:
- U.S. butter stocks remained higher on a YOY basis for the 11th consecutive month during May ’20, finishing up 21.2% and reaching a 26 year high level, overall.
- May ’20 U.S. cheese stocks declined contraseasonally from the record high level experienced throughout the previous month but remained 5.0% higher on a YOY basis, reaching a record seasonal high level.