Dry Whey – Stocks Set New Record High for the Month of July, Finish up 18.8% Jul ’15 month-end dry whey stocks continued to increase on a YOY basis, finishing 18.8% higher than the previous year as production continues to expand. Total dry whey stocks of 75.8 million lbs set a new record high for the month of July and finished 26.3% higher than the three year average July dry whey stocks. Jun ’15 month-end dry whey stocks were also revised significantly higher, increasing by 5.3% from the previous stated figure. NFDM – Stocks Reach New Monthly Record High for Third Consecutive Month Despite the seasonal decline in total powder production, Jul ’15 month-ending NFDM stocks reached a new monthly record high for the third consecutive month. Jul ’15 NFDM stocks increased by 2.8%, or 7.4 million lbs, MOM from the previous monthly record high to a total of 269.7 million lbs. Jul ’15 NFDM stocks also remained significantly higher on a YOY basis, finishing 8.5% higher than a year ago and 38.6% higher than the three year average July NFDM stocks.