U.S. Dairy Commercial Disappearance Update – Oct ’20
Executive Summary U.S. dairy commercial disappearance figures provided by the USDA were recently updated with values spanning through Aug ’20. Highlights from the updated report include:
- U.S. commercial disappearance for milk used in all products declined to a four year seasonal low level on a milk-fat basis throughout Aug ’20 but remained at a record high seasonal level on a skim-solids basis. Domestic demand declined on both a milk-fat and skim-solids basis throughout the month.
- U.S. butter commercial disappearance declined to a four year seasonal low level throughout Aug ’20 while cheese commercial disappearance declined to a three year seasonal low level. Aug ’20 whey protein concentrate and dry whey disappearance finished at four and seven year seasonal low levels, respectively. Nonfat dry milk/skim milk powder disappearance reached a record high seasonal level, however, despite domestic demand remaining lower on a YOY basis for the ninth time in the past ten months.
- U.S. fluid milk sales declined on a YOY basis for the first time in the past three months during May ’20, finishing down 2.6% and reaching a record low seasonal level. Sales of fat-free milk declined to the lowest monthly level on record.