Today, USDA release its "Dairy Product" report: http://usda.mannlib.cornell.edu/usda/current/DairProd/DairProd-04-01-2010.pdf
The report shows cheese production up 1% over February 2009. Again, these are not precise measurements, however, there were a number of disruptive storm which, perhaps, sent more milk to the cheese vats.
Interestingly, MPC production was down. Rumor has it, the profit just isn't there - how odd. At the same time MPC imports for January, the latest month available, were also down.
Do you think the MPC importers are feeling any heat after the GAO report?
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