# The Farmer's Exchange Online Pre-Holiday Cheese Sales Should Be Stronger, Observers Say

> CME Cheddar blocks closed at $1.60 per pound and barrels at $1.56 in the week before Thanksgiving, both well below year-ago levels. Observers say cheese demand has been weaker than expected despite the approaching peak selling season.

- Date: 2023-11-24 · published 2023-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33310-the-farmer-s-exchange-online-pre-holiday-cheese-sales-should-be-stronger
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Soft cheese prices weigh on Class III milk values and dairy-based feed ingredient demand. Demand rather than milk supply is the main issue, so the price outlook stays soft.

## Read by commodity

- MILK: bearish ▼

## Sources

- farmers-exchange.net: http://www.farmers-exchange.net/detailPage.aspx?articleID=22998

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