American Farm Bureau Federation’s Dr. John Newton was quoted in a Washington Post article on the amount of cheese stored in federal government warehouses. “The United States has amassed its largest stockpile of cheese in the 100 years since regulators began keeping tabs, the result of booming domestic production of milk and consumers’ waning interest in the dairy beverage,” noted the Post.
“I anticipate that we’ll continue to set these records,” said Dr. John Newton, AFBF director of market intelligence. “We’re producing more milk. It’s inevitable. That milk needs to get turned into something storable.” Washington Post went on to explain that “Dairy groups aren’t yet asking USDA to buy the surplus,” a common practice that Newton refers to as “quantitative cheesing.”