December 28, 2022: Dairy Week in Review

USDA’s Cold Storage Report shows butter stocks down 40 million pounds from October to just below 199.7 million pounds, marking only the second time since 2020 that inventories fell below the 200-million-pound mark. However, butter inventories were down only 4.1 percent from a year ago, the smallest year-over-year decrease since August 2021. Cheese stocks were also down in  November, down 1.3 percent from October to 1.43 billion pounds on November 30, up 0.5 percent or 7.6 million pounds from a year ago. American cheese stocks were down 2.3 percent from a  year ago, while other style cheeses were up. Read More