# Cheese inventory hits record; fluid milk consumption takes another hit | Dairy | leadertelegram.com

> Preliminary USDA data showed US May milk output at 18.9 billion pounds, up 1.8% from May 2016, with cow numbers at 9.39 million. Cheese inventories reached a record and fluid milk consumption declined again. Texas output rose 14.7% while California fell for a fifth straight month.

- Date: 2017-06-26 · published 2017-06-26T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10590-cheese-inventory-hits-record-fluid-milk-consumption-takes-another-hit-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising US milk output and record cheese stocks point to softer dairy prices and steady demand for dairy-based feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-06-28 | 1 | -3.2% | -3.4 | USDA data showing May milk output up 1.8% and record cheese inventories signal ample supply and weak demand, which is bearish for cheese-driven Class III prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-04-17 | [Cheesemakers cancel downtime as surplus milk flows in \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/71638-cheesemakers-cancel-downtime-as-surplus-milk-flows-in-dairy-leadertelegram-com.md) | -0.2% | +2.3% |
| MILK | 2017-09-25 | [Bearish milk supply nudges more cows into ‘retirement’ \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/69081-bearish-milk-supply-nudges-more-cows-into-retirement-dairy-leadertelegram-com.md) | +0.1% | +1.4% |
| MILK | 2017-09-18 | [Milk production estimates raised on milk-per-cow growth \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/68975-milk-production-estimates-raised-on-milk-per-cow-growth-dairy-leadertelegram-com.md) | +0.9% | +3.0% |
| MILK | 2018-04-30 | [Milk output continuing to climb but appears to be slowing \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/65655-milk-output-continuing-to-climb-but-appears-to-be-slowing-dairy-leadertelegram.md) | +4.1% | +4.5% |
| MILK | 2025-04-11 | [USDA Hikes 2025 Milk Production Forecast, Lowers Dairy Product Price Forecasts - Cheese Reporter](https://feedsoft.ai/events/25122-usda-hikes-2025-milk-production-forecast-lowers-dairy-product-price-forecasts.md) | +0.8% | +6.8% |

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/farm/dairy/cheese-inventory-hits-record-fluid-milk-consumption-takes-another-hit/article_307b54ed-7b44-5def-a675-0cb4be1a032d.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.