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Dairy Update - Cheese - Butter

(08/11/2022)

Cheese and Butter Market Update

August 11, 2022

CHEESE HIGHLIGHTS

Milk is available for cheesemakers throughout the country, despite declining output. Some
cheesemakers in the Northeast and West say they are running active schedules, though labor
shortages are causing them to run below capacity.

Demand for cheese in retail and food service markets is, reportedly, softening
in both the Northeast and West regions. Meanwhile, prices below $2
in the Midwest have contributed to an uptick in demand.

BUTTER HIGHLIGHTS

In the Northeast, cream inventories are tight and Class IV multiples
are rising.

Contacts in the Central
region relay that cream is available in the region
and they are also
able to purchase from sellers in the West.

Volumes of cream are available in some parts of the West, though overall supplies are
tightening in the region.

Source: USDA Dairy Market News