Tuesday, May 3, 2016

US Cheese Inventory at 30 year highs


This type of news helps support the Buffet (imo materialist) view that "America is already great...". No shortages of real product to be seen.





5 comments:

Tom Hickey said...

Europe is to blame, or, um, thank for the U.S.’ abundance of cheese. An oversupply of milk, plunging prices and a weakened euro have helped European Union suppliers of dairy products grab markets in Asia and the Middle East, depressing U.S. sales. Butter exports are up by 27 percent in the EU, and cheese exports grew by 13 percent, according to the European Commission.

The U.S. has been snapping up cheese from Europe because of the cheap prices. Imports of butter from the EU doubled last year, while cheese imports climbed by 17 percent, according to the European Commission. At the same time, American dairy production is seeing a record year.…

That doesn't mean European dairy farmers are happy about the cheese extravaganza. Sinking milk princes in the EU have dropped to the lowest levels since 2010, and the low prices could put many dairy farmers out of business. Russia's 2014 ban on most dairy products from the EU, the U.S., Australia and Norway has also disrupted diary prices. The ban came after Western governments instituted sanctions against Russia for its involvement in the ongoing Ukraine conflict between Kiev and pro-Russian rebels.

American dairy farmers have also raised concerns about the influx of foreign dairy products driving down domestic prices and profits.


International Business Times
Too Much Cheese? US Sees Largest Stockpile Of Dairy Products In 30 Years Amid Russian Sanctions, Low Milk Prices
Cristina Silva

Matt Franko said...

"Capitalism works!".... YUGE surpluses. ... yada yada....

Bob said...

What are you? A mouse?

Bob said...

How about a surplus of jobs, Mickey...

Matt Franko said...

Good point, we dont need any more cheesemakers obviously... we've got the cheese situation covered for sure...