Hoard's End of the Year Quiz - Economics and Markets

Which of the following is not a current asset?

• Savings accounts

• Accounts receivable

• Cash

• Accounts payable

What pasteurization method makes milk shelf stable for 6 months to a year?

• High temperature-short time (HTST)

• Ultra-high temperature (UHT)

• His temperature-long time

• Ultra-pasteurization

What country is the world's largest dairy product importer?

• China

• Mexico

• Australia

• Japan

Mozzarella surpassed Cheddar to become the U.S.'s most common cheese variety in what year?

• 1993

• 2004

• 2010

• 2020

About what share of U.S. milk is priced under multiple component pricing?

• 62%

• 75%

• 85%

• 92%

What type of dairy product is skyr?

• Sour cream

• Ice cream

• Flavored milk

• Yogurt

What state has the greatest deficit of dairy products when comparing milk production to population?

• Florida

• Illinois

• Montana

• North Carolina

In what season of the year are butter sales typically strongest?

• Spring

• Summer

• Fall

• Winter

Which of the following was not one of the 4 largest dairy cooperatives in the U.S. in 2021?

• California Dairies, Inc.

• Associated Milk Producers, Inc.

• Edge Dairy Farmer Cooperative

• Land O'Lakes

Americans ate how many pounds of cheese per person in 2021?

• 12.3

• 20.6

• 29.5

• 39.4