September 28, 2022: Dairy Week In Review

At 1.48 billion pounds, cheese inventory was a record high for the month of August, according to the USDA Cold Storage report. This was 3.6 percent more than August 2021. July 2022 ending  cheese stocks, at 1.52 billion pounds, were an all-time high. The drawdown of 38 billion pounds of inventory from the end of July to the end of August was the largest July to August drawdown  since 2018. Although domestic and international cheese sales will not be reported for another couple of weeks, the drawdown indicates strong domestic sales and strong exports. Read More