- Cheddar production up 8% y/y
- New Food Box program expires end of December—spot prices down sharply in November
- August butter production highest for the month since 1942.
- Butter October stocks up 28% y/y and the highest stocks for the month since 1993.
- Strong demand and tightening supply support rising whey prices
- October milk production grew at a very strong 2.3% y/y increase for a fifth consecutive y/y gain
