Block and barrel cheese values continue to fall on CME as dairy market faces renewed pressure.
Cheese prices took another hit Tuesday on the CME cash dairy market, with both block and barrel cheese experiencing noticeable declines. Blocks dropped by 4.25 cents to $1.88, while barrels fell 2.5 cents to $1.90, widening the spread that had recently narrowed.
Other key dairy commodities remained relatively stable. Butter prices held unchanged, as did nonfat dry milk and dry whey, which each reported no movement. This suggests that the current volatility is primarily affecting cheese markets, not the broader dairy complex.
Analysts point to a mix of oversupply concerns and uncertain demand as contributing factors to cheese price softness. Market participants are closely watching milk production levels and consumer demand trends heading into the summer.
Volatility in the cheese market is not new, but the speed of recent price drops has caught some traders by surprise. These shifts can have ripple effects across the dairy value chain, particularly for manufacturers and co-ops with tight margins.
As the market searches for stability, stakeholders are monitoring export flows and foodservice demand, both of which play a pivotal role in cheese price recovery. Market watchers expect continued fluctuations in the short term.
Source: Brownfield Ag News – Cheese prices continue falling Tuesday on cash dairy market
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