date:Jul 23, 2013
by historic standards. The most recent Cold Storage report placed cheese stocks above last years stocks. Butter stocks especially seem to be accumulating. Fat-basis ending stocks were raised to 13.7 billion pounds. A continued increase in both domestic and foreign demand for dairy products is expected to draw down 2014 ending stocks to 12.8 billion pounds. Skim-solids stocks are forecast at 13.0 billion pounds for the current year, slipping to 12.8 billion pounds by the end of 2014. In May, NDM