The Dairy Bar: Powered by Blimling (JAV)

The Dairy Bar: National Cow Herd Rises to 9.51 Million Head; Cheese and Butter Stocks Rising; High Grain Prices Raising Concern; and Freight in a Minute! Quick Bites: Cheese and Butter Stocks Rising Coolers across the U.S. are filling up with butter and cheese. According to USDA, total cheese stocks reached 1.465 billion pounds in May, rising 17 million pounds from April and topping the five-year average gain of 10 million pounds. That took inventories up 0.7% or 11 million pounds from May 2020 levels. Today it appears that there’s ample supply around with lots of milk finding its way to cheese plants and plenty of product finding its way to the CME. Butter stocks, meanwhile, tripped over the ...