Looking at June’s
NASS Cold Storage report, butter stocks, in all warehouses, came
in at 373,546,000 pounds, which was down 2% month over
month and up 7% year over year. From December 2023 to May
2024, butter stocks trended upward from 199,530,000 pounds to
379,750,000 pounds. June 2024 butter stocks were approximately
50% lower than 1992’s record high of 746,994,000 pounds. From
2023 to 2024, butter stocks continue to build.