There’s too much American cheese. Thankfully, it’s not all the processed orange concoction that comes on fast food cheeseburgers or else we’d have an even worse dilemma on our hands. But, according to a Bloomberg report, recent cheese inventories in the US are the highest they’ve been since 1984, with American-made cheeses accounting for over half the stockpile. Nachos anyone? Or maybe I should say, “Nachos everyone?”
A number of factors are reportedly accounting for all the excess cheese and, don’t worry, it’s not because Americans are eating healthier. Thanks to its own supply glut coupled with a weakened euro, Europe is overrun with cheap dairy products right now, meaning not only are they stealing market share from the US, but they’ve also increased their exports into the States. Meanwhile, a stronger dollar has made selling US cheese abroad more difficult. “Where the U.S. has lost out on business, Europe has gained,” said Kevin Bellamy, a global dairy market strategist and, I can only assume, major chick magnet.