The USDA NASS released the Cold Storage report yesterday with data for the month of May.

Butter stocks were 321.6 million pounds in May, up 8% from April but 22% below 2021’s level. Total cheese stocks in May rose 2% from the prior month and increased 4% from a year earlier to 1.5 billion pounds setting an all-time high for cheese stocks.. Both American and Swiss cheese stocks increased 4% and 18%, respectively, from last year.

Milk production in Iowa during May 2022 totaled 493 million pounds, up 3 percent from the previous May
according to the latest USDA, National Agricultural Statistics Service — Milk Production report. The average
number of milk cows during May, at 232,000 head, was 1,000 above last month and up 4,000 from May 2021.
Monthly production per cow averaged 2,125 pounds, up 30 pounds from last May.

Milk production in the 24 major States during May totaled 18.8 billion pounds, down 0.6 percent from May 2021.
April revised production, at 18.3 billion pounds, was down 0.9 percent from April 2021. The April revision
represented a decrease of 3 million pounds or less than 0.1 percent from last month’s preliminary production
estimate.

Production per cow in the 24 major States averaged 2,114 pounds for May, 8 pounds above May 2021.
The number of milk cows on farms in the 24 major States was 8.91 million head, 84,000 head less than May 2021,
but 2,000 head more than April 2022.

Milk production in the United States during May totaled 19.7 billion pounds, down 0.7 percent from May 2021.
Production per cow in the United States averaged 2,096 pounds for May, 8 pounds above May 2021.
The number of milk cows on farms in the United States was 9.41 million head, 102,000 head less than May 2021,
but 2,000 head more than April 2022