May 6, 2020: Dairy Week In Review

According to the latest USDA Cold Storage report, butter stocks were up 7.7 million pounds from Feb. 29 to 309.6 million pounds on March 31, the largest amount for March since 1993 and up 15 percent from a year ago. However, the month-to-month build was not as large as expected and less than what is typical for February to March. Total natural cheese stocks were up 11.3 million pounds from February to 1.373 billion pounds, with the build up slightly below the five-year average build up from Feb. to March of 14.3 million pounds. Year over year, total cheese stocks fell 1 percent. Read More