# The U.S. has too much milk on its hands — so its cheese stockpile just hit an all-time high | National Post

> USDA data showed US cheese stockpiles reached 1.39 billion pounds, the largest in the century records have been kept and 6 percent above a year earlier. Processors have excess milk that is being stored as cheese as demand weakens with school closures and seasonal restaurant menu changes.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/64658-the-u-s-has-too-much-milk-on-its-hands-so-its-cheese-stockpile-just-hit-an-all
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record cheese stocks and possible trade losses to China and Mexico add downward pressure on cheese and wider milk prices, weighing on farm margins.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-07-04 | 1 | -5.8% | -8.0 | Record cheese stockpiles indicate oversupply, a bearish fundamental backdrop for Class III prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-10-21 | [The Farmer's Exchange Online USDA Raises Forecasts for Milk Production, Butter, Cheese Prices](https://feedsoft.ai/events/39142-the-farmer-s-exchange-online-usda-raises-forecasts-for-milk-production-butter.md) | 0.0% | -3.7% |
| MILK | 2025-02-27 | [U.S. Dairy Surplus Deepens: Butter Glut Hits 3-Year High as Cheese Inventories Defy Expectations \| The Bullvine](https://feedsoft.ai/events/26048-u-s-dairy-surplus-deepens-butter-glut-hits-3-year-high-as-cheese-inventories.md) | -9.7% | -8.2% |
| MILK | 2025-07-11 | [USDA Hikes 2025, 2026 Milk Production Forecasts; Most Price Forecasts Also Raised - Cheese Reporter](https://feedsoft.ai/events/23755-usda-hikes-2025-2026-milk-production-forecasts-most-price-forecasts-also-raised.md) | +0.3% | -0.1% |
| MILK | 2017-06-26 | [Cheese inventory hits record; fluid milk consumption takes another hit \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/10590-cheese-inventory-hits-record-fluid-milk-consumption-takes-another-hit-dairy.md) | -3.9% | -5.2% |

## Sources

- nationalpost.com: https://nationalpost.com/news/world/the-u-s-has-too-much-milk-on-their-hands-so-its-cheese-stockpile-just-hit-an-all-time-high

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