# Cheese prices drift downward | Capital Press

> CME cheddar blocks fell to $1.34 before rebounding to $1.4525 by Friday, while barrels dipped to $1.25, their lowest since late October. Cheese contacts reported lighter holiday demand and downshifted Midwest production.

- Date: 2018-11-20 · published 2018-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62055-cheese-prices-drift-downward-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower cheese prices and reduced production signal weaker milk demand and softer dairy prices, which can ease farm margins and feed buying.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2018/11/20/cheese-prices-drift-downward/

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