May Supply Slips, But BI Says June is Already Looking Better

Dear Client: The Beer Institute is out with its May shipment read, and after back-to-back months of growth, supply slipped back into reverse. Yep, after a 2.5% gain in March and a 0.9% bump in April, total industry supply fell 4.4% in May, bringing the YTD trend to -4.3%. DOMESTIC SHIPMENTS TAKE THE BIGGEST HIT. The biggest drag on May supply trends came from domestic shipments, which dropped 6% over the month or roughly 775,000 barrels, pushing the YTD trend