December 29, 2020: Dairy Week In Review

Butter stocks fell 16 percent from October to 251.8 million pounds, up 39 percent from a year ago. The month-to- month drawdown was the smallest since 2012, indicating a build-up in butter stocks weighing on the markets. Cheese stocks grew 0.3 percent from October to 1.344 billion pounds, up 1.7 percent from a year ago. American cheese stocks were up 2.7 percent from a year ago, according to latest USDA’s Cold Storage report. Read More