# A Weird Dairy Spread Is Signaling Higher US Cheese Prices - Bloomberg

> Spot block cheese fell about a third since late March to $1.40 per pound as of June 21, while cheese futures declined only about 20%. The spread between spot and futures has persisted since the end of the first quarter.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35637-a-weird-dairy-spread-is-signaling-higher-us-cheese-prices-bloomberg
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The wide spot-futures gap suggests futures may need to converge lower or spot prices may rebound, creating uncertainty for dairy product pricing and feed demand.

## Read by commodity

- MILK: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-06-22/a-weird-dairy-spread-is-signaling-higher-us-cheese-prices

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