January 31, 2024: Dairy Week in Review

In the latest USDA Cold Storage report, year-end cheese stocks were at 1.443 billion pounds, up 5.9 million pounds from November but down 0.2 percent from a year ago. American-style cheese inventories, including Cheddar, were up 1.5 percent from a year ago to 837.8 million pounds, while other type cheese inventories were down 2.1 percent from a year ago to 583.6 million pounds. Butter inventories were down 13 million pounds from November to December, representing the largest month-to-month decline for this time of year since 2004. A total of 199.53 million pounds of butter was held in storage at the end of December, 7.8 percent less than a year ago.

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