Private barrel stock is just an individual can buy an individual barrel from a distribute or liquor store. A barrel gets roughly 200 bottles so many time a private individual will get a group together and pick a barrel and the bottle gets bottle number and barrel on bottle. Liquor stores buy barrels also and sell individually.
Cask strength is undiluted whiskey in barrel before its diluted with water. Its not the strongest as it gets less as it ages. Still strength is usually above 70%ABV cask 50 to 60% ABV.
Even cask strength can be diluted with water to meet state and fed laws.
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