Sunday, July 19, 2009
Where's the Butter?
(click to enlarge)
If there truly is a surplus of milk in the country where is the cream? Cold storage of butter for May 2009 is 7% less than storage numbers for May 2009. The most logical reason is the cream is going into the cheese vat along with imported MPCs.
Confirming this is imports of butter oils, which are also dumped in the cheese vat to achieve the proper fat to protein ratio. Butter oil imports are up 128.9% year-to-date January through May.