USDA is increasing its milk production forecast to be higher due to growth in the number of dairy cows. The agency is raising the milk production forecast by 300 million lb. this month to a total of more than 226 billion lb. It says the fat basis import forecast is lowered due to lower expected imports of cheese and butter fat products. Meanwhile, exports are raised on stronger cheese and shipments, and the price forecast for cheese and butter were raised from previous months on tighter stocks and firm demand.
Cheese Heist in the Netherlands
Investigators in the Netherlands are looking into a big cheese heist. A Dutch cheese producer in the town of Feiner says they woke up to find a mostly empty cheese storage room. They say overnight someone took 161 wheels of cheese, weighing approximately 3,500 lb in total. The total value, about $23,000.
Now the farmer says the thieves also took her trailer and two wheelbarrows from the farm. Police say they assume that they were taken in order to transport the cheese. Selling that stolen cheese in the country may be difficult as each one is numbered.
