# New cheese capacity will impact markets

> Analysts expect the US to add about 4 billion pounds of cheese processing capacity in 2021, including a $470 million Glanbia plant in Michigan. The new capacity is expected to reach full output by spring and could absorb all of next year's milk growth.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/49809-new-cheese-capacity-will-impact-markets
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Added cheese capacity increases supply of dairy products and could push Class III prices lower relative to Class IV, narrowing the spread that has driven recent milk market moves.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-29284-New-cheese-capacity-will-impact-markets.html

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