U.S. Dairy Dry Product Stocks Update – Dec ’20
Executive Summary U.S. dairy dry product stock figures provided by the USDA were recently updated with values spanning through Oct ’20. Highlights from the updated report include:
- U.S. dry whey stocks finished 14.3% below previous year figures throughout Oct ’20, reaching a four year low seasonal level.
- U.S. nonfat dry milk stocks increased contraseasonally from the previous month throughout Oct ’20 while finishing 7.8% higher on a YOY basis. Nonfat dry milk stocks remained below three year average seasonal levels for the third consecutive month, however.