December 28, 2021: Dairy Week In Review

USDA announced the January 2022 Class I milk price at $19.71 per hundredweight, up 54 cents from December and $4.57 above a year ago levels. Class I milk prices averaged $16.83 per  hundredweight in 2021. The latest USDA Cold Storage report shows butter stocks falling to 211.8 million pounds on November 30, down 67 million pounds from October, close to the five-year  average drawdown for this time of year. Cheese stocks at the end of November were at 1.422 billion pounds, down 27 million pounds, or 1.9 percent, from October. Other cheese varieties accounted for most of the decline, falling 18.2 million pounds. American cheese stocks fell 8.1 million pounds, still above a year ago levels. Read More