# What’s in Store for 2024? - HighGround Dairy

> 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.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32713-what-s-in-store-for-2024-highground-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Cheese prices are falling on weak demand and rising capacity, which pressures Class III milk prices heading into 2024.

## Read by commodity

- MILK: bearish ▼

## Sources

- highgrounddairy.com: https://www.highgrounddairy.com/whats-in-store-for-2024/

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