November 27, 2019: Dairy Week in Review

Total cheese stocks in October were down 2.4 percent year over year and 2.3 percent under September levels, falling to 1.342 billion pounds on Oct. 31. American cheese inventories were down 8 percent from a year ago, while other type cheeses were up 8 percent. Butter inventories were up 3 percent from a year ago to 237.7 million pounds, falling 18 percent from September’s levels. The 52.9 million pound drawdown from September was comparable to last year but more than double the five-year average of 23 million pounds from September to October. Read More