Total cheese in cold storage at the end of April 1.012 billion pounds up 1 percent from the end of March and 4 percent more than a year ago. The National Ag Statistics Service says American type cheese stocks increased 2 percent for the month and 5 percent for the year ending April at 698.77 million pounds. Butter in cold storage totaled 310.66 million pounds up 22 percent for the month and the year.
National Dairy Products Sales Report for the week ending May 18th, cheddar cheese blocks averaged $1.88 per pound down 0.4 cents from the previous week. Barrels were up 2.1 cents to average $1.76, butter decreased 4 cents to $1.64, dry whey was a half-cent lower at 57.2 cents per pound and nonfat dry milk decreased 0.6 cents to average $1.63.
The Class I base price for June is $18.93 per hundredweight up $1.17 from May. The base skim milk price for Class I is $1.20 higher at $13.09. These are the highest Class I base prices since January.
Read the full NASS Cold Storage Report here: