Demand for American cheese is increasing.
That’s according to the latest USDA Cold Storage Report. American cheese inventory fell by more than 4,000,000 pounds from December, indicating some support for the current market. Usually, inventories increase in the last half of the year due to seasonality. However, Ag Dairy’s Branch Manager says we’re seeing buyers buy aggressively, and that’s why we’re up to almost $2 per pound.
“So that report gives some hope that these prices could still hold for the year, but a lot of things could change. We do start growing inventory at the beginning of the year, but seeing a decline from December to January is very positive.”
The January report also showed Swiss cheese inventories are 10% higher than this time last year.
Today’s blog post by RFD-TV Agri-Legal Expert Roger McEowen takes a look at the “preferential payment rule,” a unique bankruptcy provision that can come as a suprise to farmers in financial distress.
October 13, 2023 10:54 AM
·
Now that Washington lawmakers have passed a 45-day stopgap, they have some breathing room to work through some hot-button topics like the high cost of the upcoming Farm Bill, which is due in large part to the funding necessary to support the Nutrition Title.
October 03, 2023 11:08 AM
·
Egg prices have been on a roller coaster this year, soaring sky-high and falling back down to Earth in just a few months.
September 19, 2023 12:41 PM
·
September 14, 2023 12:52 PM
September 01, 2023 11:48 AM
In June, prices were down 77% compared to the highest weekly price in 2022.
According to the USDA Outlook Board, margins could improve for producers depending on a decrease in cases of High-Path Avian Flu (HPAI).
