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Cheese market analyst Eric Meyer says new US cheese capacity equal to about 6% of annual output is coming online through 2025. He cites flat 2023 retail cheese volume and weak foodservice traffic at value pizza chains.
He sees export opportunities as a partial offset to domestic weakness.
New cheese capacity against soft demand is bearish for cheese and Class III milk prices, while the export window partly offsets the pressure.
highgrounddairy.comEric MeyerMar 12, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
