Dairy Processing - September 2021 - 68

COMMODITIES
U.S. YOGURT PRODUCTION (MIL. LBS)
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
USDA, StoneX Calculations and Forecasts
14%
12%
10%
8%
6%
4%
2%
0%
-2%
-4.%
-6%
From 1994 to its
peak in 2014, US
yogurt production
increased 242%.
off consumers were facing tighter
budgets. The Food Box program
attempted to remedy all three of
those problems by contracting
with food service companies
(or any company that wanted to
bid) to procure commodities and
distribute them to people in need.
In the early stages of the
Yogurt has been the fastest evolving dairy product in the United States over the past 20 years.
for the yogurt market is mixed. Production was up 3.2% during
2020 after falling in five of the previous six years. Yogurt
consumption benefited from consumers making more meals
at home. Retail yogurt sales were up for most of 2020, but
consumers shifted from buying smaller individually packaged
yogurt cups toward larger bulk containers of yogurt.
On top of stronger retail sales, there was likely a lot of
yogurt moving through the USDA Food Box program. In the
early stages of the pandemic the drop in food service sales
resulted in a glut of agricultural commodities at the same
time that the food service supply chain went idle and laid
68 SEP 2021 | DAIRYPROCESSING.COM
program the rules on what could or
should be in the boxes were loose,
but in the second half of 2020 and
the first five months of 2021 the
USDA had tighter requirements
and they were more focused on
keeping the cost per box low. The
specifications varied a little in
different rounds of the program.
They varied based on whether
the company was producing
a box with a mix of different
commodities (dairy, meat, fruits
and vegetables) or whether they
were producing just a box of dairy
products, but in general the boxes
contained about 5 to 6 pounds of
dairy products.
With bulk cheese prices
running north of $2/lb for large
stretches in 2020 and yogurt
running less than $1/lb, if you
wanted to minimize the cost of
your dairy box you went light on cheese and heavy on yogurt.
That helped to boost yogurt production during the second
half of 2020 and the first half of 2021, but with the Food Box
program ending on May 31, 2021, yogurt production could
drop off a bit in the second half of the year and leave us with
about 1% growth at the annual level.
Nate Donnay is the director of Dairy Market Insight
at StoneX and has been applying his interest in large
complicated systems and statistical analysis to the
international and US dairy markets since 2005.
Production (mil. lbs)
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Yoy chnage

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Dairy Processing - September 2021

Table of Contents for the Digital Edition of Dairy Processing - September 2021

Dairy Processing - September 2021 - Intro
Dairy Processing - September 2021 - 1
Dairy Processing - September 2021 - 2
Dairy Processing - September 2021 - 3
Dairy Processing - September 2021 - 4
Dairy Processing - September 2021 - 5
Dairy Processing - September 2021 - 6
Dairy Processing - September 2021 - 7
Dairy Processing - September 2021 - 8
Dairy Processing - September 2021 - 9
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