Loading…
HighGround Dairy reviews 2023 as a year of cheese price swings, with CME block Cheddar averaging $1.65 per pound in Q4 and heading toward the $1.40s. Weak retail and foodservice demand, including lower pizza consumption, drove the decline.
Cheese prices are falling on weak demand and rising capacity, which pressures Class III milk prices heading into 2024.
highgrounddairy.comEric MeyerDec 28, 2023Not 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.
