MCViewPoint

Opinion from a Libertarian ViewPoint

Just How Big Is America’s ‘Strategic Cheese Reserve’?

Posted by M. C. on October 26, 2022

Gadzooks! The government solution isn’t working! The market solution to excess stocks is letting prices naturally dip forcing farmers to shift something that is actually needed. Possibly more corn or grain to replace the shortages caused by government forced diversion to low energy, low mileage alcohol production.

Don’t know how true this may be but when cheese stuffed crusts were introduced it was believed to be a government / Pizza Hut plan to use up cheese reserves. To anyone paying attention it does not seem far fetched.

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/commodities/just-how-big-americas-strategic-cheese-reserve

As of August 2022, the U.S. had 1.5 billion pounds of cheese in cold storage across the country. That’s around $3.4 billion worth of cheese.

Using data from USDA, this graphic looks at just how big the U.S. cheese stockpile has gotten over the last few years, and compares it to notable landmarks to help put things into perspective.

But before diving into the data, Visual Capitalist’s Omri Wallach and Carmen Ang take a step back to quickly explain why America’s cheese stockpile has gotten so big in the first place.

Why So Much Cheese?

Over the last 30 years, milk production in the U.S. has increased by 50%.

Yet, while milk production has climbed, milk consumption has declined. In 2004, Americans consumed the equivalent of about 0.57 cups of milk per day. By 2018, average milk consumption had dropped to 0.33 cup-equivalents.

In response to this predicament, the U.S. government and dairy companies have been purchasing the extra milk and storing it as cheese for years.

See the rest here

Be seeing you

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