June Cold Storage Report
June butter stocks totaled 197.9 million pounds, down 14.6 million pounds or 7 percent from May and 65 million pounds or 25 percent below June 2009, according to preliminary data in the Agriculture Department’s latest Cold Storage report issued this afternoon. May butter stocks were revised up nearly one million pounds from last month’s estimate.
The June American cheese inventory, at 628.4 million pounds, was up 13.5 million pounds or 2 percent from May and 26.4 million pounds or 4 percent above a year ago. May revised estimates were lowered nearly 2.3 million pounds.
Total cheese stocks amounted to over 1.027 billion pounds, up 10.4 million pounds or 1 percent from May and 39.2 million pounds or 4 percent above a year ago. May revised estimates were lowers nearly 2.5 million pounds.