# Lack of Demand Pressures Markets - HighGround Dairy

> 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.

- Date: 2024-03-12 · published 2024-03-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31207-lack-of-demand-pressures-markets-highground-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

New cheese capacity against soft demand is bearish for cheese and Class III milk prices, while the export window partly offsets the pressure.

## Read by commodity

- MILK: bearish ▼

## Sources

- highgrounddairy.com: https://www.highgrounddairy.com/lack-of-demand-pressures-markets/

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