# Unpredictable cheese prices set tone for dairy markets

> CME 40-pound cheddar cheese averaged $2.14 in early September after falling to $1.58 in August, following a record $3.00 in July. Cheddar barrels averaged $1.62 in September so far. Class III milk was expected near $16.25 for September after $19.77 in August.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51262-unpredictable-cheese-prices-set-tone-for-dairy-markets
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Volatile cheese prices drive Class III milk returns, which affects dairy producer margins and demand for dairy-related feed. The trend points to continued price swings without a clear direction.

## Read by commodity

- MILK: neutral

## Sources

- eu.wisfarmer.com: https://eu.wisfarmer.com/story/opinion/columnists/2020/09/21/unpredictable-cheese-prices-set-tone-dairy-markets/5824987002/

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