# Cold Storage Report Causes Milk Prices to Drop - Dairy Herd

> The USDA Cold Storage report showed US butter stocks at 239.6 million pounds in October, down 14.1% from a year earlier, while total cheese inventories were about flat at 1.45 billion pounds. Barrel cheese fell to its lowest level since early August, and the block-barrel spread widened to 39.5 cents. Class III and IV milk futures moved lower on the day.

- Date: 2022-11-22 · published 2022-11-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38707-cold-storage-report-causes-milk-prices-to-drop-dairy-herd
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower barrel cheese prices and a wide block-barrel spread point to weaker cheese demand and softer near-term milk prices, which trims dairy producers' margins.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-01-10 | [Milk prices lower again - Dairy Star](https://feedsoft.ai/events/21215-milk-prices-lower-again-dairy-star.md) | -0.8% | +2.4% |
| MILK | 2026-07-11 | [Cheese production higher, milk prices lower - Dairy Star](https://feedsoft.ai/events/18337-cheese-production-higher-milk-prices-lower-dairy-star.md) | +0.4% | +7.1% |
| MILK | 2026-08-22 | [Larger Dairy Herd Shapes U.S. Milk Price Outlook Into 2027](https://feedsoft.ai/events/18030-larger-dairy-herd-shapes-u-s-milk-price-outlook-into-2027.md) | +0.1% | -2.9% |
| MILK | 2020-04-24 | [Dairy prices fall as milk production rises](https://feedsoft.ai/events/6500-dairy-prices-fall-as-milk-production-rises.md) | -13.8% | -7.5% |
| MILK | 2021-06-25 | [As Higher Milk Production Forecasts Settle In, Can Export Demand Help Save Prices? - Dairy Herd](https://feedsoft.ai/events/46748-as-higher-milk-production-forecasts-settle-in-can-export-demand-help-save.md) | -2.6% | -3.6% |

## Sources

- dairyherd.com: https://www.dairyherd.com/markets/milk-prices/cold-storage-report-causes-milk-prices-drop

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