◂ Event Timeline

Dec 2, 2019REPORTUS

October Cold Storage report shows butter, American cheese stocks slip

USDA October Cold Storage data showed butter stocks at 237.7 million pounds, down 18.2 percent from September. American cheese stocks fell 4.1 percent to 742.8 million pounds, and total cheese inventory dropped 2.3 percent.

WHY IT MATTERS

Lower dairy inventories tighten near-term supply and support cheese and butter prices, which can firm milk values for dairy feed buyers.

AFFECTSMilk (Class III)▲

SOURCE
leadertelegram.comLee MielkeDec 2, 2019

Price reaction & history

Milk (Class III)▲bullishSO FAR1d +0.2%5d -4.0%20d -5.1%

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

Aug 1, 2025Butter Leads Dairy Market Gains After Bullish Cold Storage Report+1.3%
Jan 13, 2020November Dairy Products report reveals destination of milk output | Market Columns | leadertelegram.com-0.1%
Dec 9, 2019Class III benchmark milk price peaks | Market Columns | leadertelegram.com-0.8%
Sep 23, 2019U.S. milk production remains just above last year | Market Columns | leadertelegram.com+0.1%
Jul 5, 2019Milk price down slightly from May but still highest since November 2017 | Dairy | leadertelegram.com+0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Milk (Class III) MILK · GP ▸

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