September 26, 2019: Dairy Week in Review

USDA’s Cold Storage report shows inventories of all cheese varieties increased slightly last month, with 1.36 billion pounds of cheese in storage on August 31, up 700,000 pounds from the end of July. The month-to-month increase is unusual, with inventories falling more than 25 million month-to-month on a five-year average. American cheese stocks remain tight, with 768 million pounds in storage on August 31, down 3.6 million pounds from July and down 2.4 percent from the previous year. Butter stocks were down in August, falling 24.5 million pounds from July to 305.1 million pounds on August 31, up 4.9 percent from a year ago. Read More