Getlowfees.com

  • Dairy analyst says cheese prices may fall again

    Tags: Cheese

LYNDEN, Wis. -- Despite a week and a half of vigorous block cheddar cheese trades on the Chicago Mercantile Exchange, dairy market analyst Jerry Dryer isn't confident prices will remain at current levels.

According to a report on Dairyline.com, Dryer, a Chicago-based analyst, called this year's market difficult to forecast because prices have risen and fallen largely out of synch with historic trends.

With the fourth quarter selling season beginning, Dryer said cheese production typically eases back, and that that may hold prices at current levels (in the high $1.20s, where they've been since the last full week in September). But given this year's down economy, he said he doesn't expect this holiday-selling season to be a record-setter.

"We may be challenged to even match last year's sales," said Dryer.

Cheese inventory overall also remains high, he said, which could put negative pressure on prices. Cheese production was greater in August than in July, which he said hasn't happened in his more than 30 years watching the dairy industry.

* Update: When bidding closed on Oct. 16, Dryer's suspicions proved true. Forty-pound block prices dropped from $1.27 per pound to $1.23, a decrease of 4.25 percent.

Related Content

User Comments – Give us your opinion!
Products & Services

Group Purchasing Services

http://global.networldalliance.com/new/images/products/6403.png

6403/Group-Purchasing-Services

Features

http://global.networldalliance.com/new/images/products/4541.png

4541/Features

Business Performance Management

http://global.networldalliance.com/new/images/products/6413.png

6413/Business-Performance-Management

Advanced Wireless

http://global.networldalliance.com/new/images/products/6635.png

6635/Advanced-Wireless

PeopleMatter LEARN™

http://global.networldalliance.com/new/images/products/4627.png

4627/PeopleMatter-LEARN

Social Security Number (SSN) Verification

http://global.networldalliance.com/new/images/products/SSN_employmentsearch.gif

1426/Social-Security-Number-SSN-Verification

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

HAND-PINCHED STYLE® Sausage and Beef Toppings

http://global.networldalliance.com/new/images/products/6785.png

6785/HAND-PINCHED-STYLE-Sausage-and-Beef-Toppings

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.