U.S. Dairy Dry Product Stocks Update – Nov ’20
Executive Summary U.S. dairy dry product stock figures provided by the USDA were recently updated with values spanning through Sep ’20. Highlights from the updated report include:
- U.S. dry whey stocks declined 3.8% on a YOY basis throughout Sep ’20, finishing lower for the first time in the past five months
- U.S. nonfat dry milk stocks declined to a four year seasonal low level throughout Sep ’20, finishing 7.0% lower on a YOY basis.