U.S. Dairy Product Production Update – Jul ’20
Executive Summary U.S. dairy product production figures provided by the USDA were recently updated with values spanning through May ’20. Highlights from the updated report include:
- May ’20 U.S. butter production declined from the record high level experienced throughout the previous month but remained higher on a YOY basis for the 11th time in the past 12 months, finishing up 4.9% and reaching a 77 year high seasonal level.
- U.S. cheese production declined 0.7% on a YOY basis during May ’20, finishing lower for the fourth time in the past five months, however dry whey production increased on a YOY basis for the ninth time in the past ten months, finishing up 8.9%.
- Combined production of U.S. nonfat dry milk and skim milk powder increased 2.2% on a YOY basis during May ’20, finishing higher for the 11th consecutive month. Skim milk powder production increased 76.9% YOY throughout the month, more than offsetting a 9.2% YOY decline in nonfat dry milk production.