Oct. 31 cheese and butter stocks fell from September levels but were pretty close to those of a year ago, according to the Agriculture Department’s latest Cold Storage report.
The Agriculture Department raised its milk production forecast for 2023 but left the 2024 estimate unchanged in the latest World Agriculture Supply and Demand Estimates report, based on “slightly more
CME butter, fueled by the August Cold Storage data, rocketed to a record high $3.3350 per pound last Thursday — and then leap-frogged to hit another record high of $3.42
Americans chewed down July butter and cheese inventories. The Agriculture Department’s latest Cold Storage report shows butter holdings on July 31 at 331.6 million pounds, down a bullish 18.2 million