Thursday, May 13, 2010
Click on images to enlarge)
Take a look at the above graphs. What is wrong?
As can be seen, exports of cheese increased 32.5%. According to USDA, 2.3% more cheese was produced in the first three months of 2010 vs. 2009. Also, according to USDA there was 9% more cheese in storage, at the end of March, 2010.
Somehow, I don't think the problem boils down to a math problem.
Pay no attention to the price. As some people delight in saying, milk is worthless at the farm.