Delayed USDA report reveals 'shocking' level of butter stocks
The Dec. 31, 2018, butter stocks totaled a surprising 179.3 million pounds, up a whopping 16.6 percent from November and 6.2 percent above December 2017, according to the delayed U.S. Department of Agriculture Cold Storage report issued Feb. 22. FC Stone dairy broker Dave Kurzawski says that’s a shocking 42 million pounds heavier than pre-report expectations and over 1,000 truckloads but adds the caveat that “these numbers are more than 60 days old. If the number was incredibly burdensome, we think the markets would have felt it already. [node:read-more:link]