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GOVERNMENT SET TO PURCHASE 47 MILLION POUNDS OF CHEESE, COULD BE GAME CHANGER FOR DAIRY PRICES
Jun. 1, 2023
by Tyne Morgan, AgWeb.com
The U.S. Government could be looking to buy 47 million pounds of cheese for local food banks and schools. And while one dairy analyst says they're still digging through the details, it could be a game changer for dairy demand and milk prices.
The solicitation for cheese was posted on the government's website last week. While it's the first step of a longer process, Mike North of Ever.Ag says the first part of the purchase was a big demand driver for cheese.
"We had part one of this purchase made last year and it resulted in about 2 million pounds of cheese being moved into the USDA, and this is going to be used for food banks, local food purchase assistance, schools, above and beyond their normal purchases," says North.
This next round could be even bigger, which North says would ultimately boost demand and milk prices for producers.
"When you break it all down, they're looking for 47 million pounds of cheese, that's 1,900 truckloads of cheese to be delivered somewhere in that neighborhood, we believe, from about October out through next June," he adds. "So, if we go through the bidding process stage by stage and can fully realize that amount of cheese being sold to the government, that's a little bit of a game changer."
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