Getlowfees.com

  • Cheese prices dropping as weather warms

    Tags: Cheese

The price of block cheese dropped 5.5 percent on the Chicago Mercantile Exchange to $1.29 a pound on Jan. 29 as concerns of a milk glut circulated throughout the dairy industry.

Dairy analysts say that the unusually warm weather -- 50 to 60 degrees in northern states where average January highs typically are in the 30s -- has trigged an early "spring flush," when milk cow output rises with the arrival of spring.

"Cows don't use calendars, so they don't know it's not April or May in much of the country," said analyst Jerry Dryer, during his Jan. 29 Webcast report on Dairyline.com. "In cow time, it's April. ... There's already cream everywhere. Three big manufactures told me last week that they had tankers of cream sitting in their yards, waiting to be unloaded."

Dryer said the unexpected boom in milk output hasn't resulted in distressed pricing yet, but that it could very soon.

Regarding cheese production, Dryer said he's optimistic that consumption will keep pace with extra production.

"I think we'll see some weaknesses in prices in the short term, although probably not a great deal," said Dryer, whose report was Webcast before the market's close.

On Jan. 29 the price fell 5 cents, following a 4 cent drop the day before. After holding below $1.30 for nearly a month, the price crept up to $1.39 through mid-January, before dropping again Jan. 25.

Related Content

User Comments – Give us your opinion!
Products & Services

MVR Reports

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

1252/MVR-Reports

Dual Core Menu Board Media Player - $99

http://global.networldalliance.com/new/images/products/6677.png

6677/Dual-Core-Menu-Board-Media-Player-99

Luzianne iced tea

http://global.networldalliance.com/new/images/products/6957.png

6957/Luzianne-iced-tea

HAND-PINCHED STYLE® Sausage and Beef Toppings

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

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

Quote decoder: how to compare restaurant POS systems

http://global.networldalliance.com/new/images/products/1290.png

1290/Quote-decoder-how-to-compare-restaurant-POS-systems

PeopleMatter SCHEDULE™

http://global.networldalliance.com/new/images/products/4628.png

4628/PeopleMatter-SCHEDULE

Online Ordering

http://global.networldalliance.com/new/images/products/4285.png

4285/Online-Ordering

Cured Meats

http://global.networldalliance.com/new/images/products/6791.png

6791/Cured-Meats

DriverSafe

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

1424/DriverSafe

FireFly Point-of-Sale

http://global.networldalliance.com/new/images/products/4282.png

4282/FireFly-Point-of-Sale

Digital Menu Boards and ROI
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.