# Tightening cheese supplies send prices higher

> Cheddar block prices climbed to $2.27 per pound in early September, the highest spot level in 27 months on the CME. CoBank economists link this to tight cheese supplies in the US and Europe, limited dairy replacements, and an EU bluetongue outbreak plus US HPAI issues.

- Date: 2024-09-16 · published 2024-09-16T12:00:00.000Z
- Category: disease · region US · magnitude medium
- Page: https://feedsoft.ai/events/28457-tightening-cheese-supplies-send-prices-higher
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter dairy supply and reduced culling point to a slower rebuild of milk output, supporting dairy prices and sustaining demand for dairy feed inputs over the medium term.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-01-10 | [Cheese and Butter Futures Soar With Omicron Hitting Dairy Plants - Bloomberg](https://feedsoft.ai/events/43143-cheese-and-butter-futures-soar-with-omicron-hitting-dairy-plants-bloomberg.md) | -0.0% | +2.5% |
| MILK | 2024-12-20 | [How America Lost Control of the Bird Flu, Setting the Stage for Another Pandemic - KFF Health News](https://feedsoft.ai/events/16043-how-america-lost-control-of-the-bird-flu-setting-the-stage-for-another-pandemic.md) | +0.2% | +8.6% |
| MILK | 2022-07-26 | [Foot-and-mouth disease: Impacts would go far beyond huge livestock losses - MPI report's warning - NZ Herald](https://feedsoft.ai/events/40440-foot-and-mouth-disease-impacts-would-go-far-beyond-huge-livestock-losses-mpi.md) | -0.0% | -10.9% |
| MILK | 2026-06-30 | [Idaho is American ag’s bird flu hotspot \| Capital Press](https://feedsoft.ai/events/15904-idaho-is-american-ag-s-bird-flu-hotspot-capital-press.md) | -2.4% | -1.3% |
| MILK | 2018-08-01 | [New Zealand makes effort to eradicate infected cattle from nation's herd.](https://feedsoft.ai/events/63475-new-zealand-makes-effort-to-eradicate-infected-cattle-from-nation-s-herd.md) | +5.0% | +6.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock-and-dairy/tightening-cheese-supplies-send-prices-higher

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.