Skim Milk Powder Production Increased 23.1% in February Over Last Year
The USDA Dairy Products Production report was released on Tuesday. The report showed the majority of dairy products having increased production year-over-year in February. None quite as much as skim milk powder. (Keep in mind February had one extra day, due to leap year. That alone could account for a 3.6% year-over-year increase if plants operate seven days per week.)
February production of the export product was at a whopping 39.8 million pounds, 23.1% higher than February 2015, according to USDA. In addition, total cheese output was 956 million pounds, lower than January 2016 but 7.8% higher than February 2015.
Butter production also increased year-over-year coming in 9.6% percent higher than February of last year. According to National Milk Producers Federation, the February butter production total of 171.2 million lbs. is the 2nd highest it has ever been. Check out the interactive graphs on the NMPF website, here.