News

Cheddar blocks blow past $1.90

December 1, 2004

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LOUISVILLE, Ky. — Hold onto your wallets, pizza operators. Cheddar block prices surged during Dec. 2 trading on the Chicago Mercantile Exchange.

When nine bids for blocks went unfilled (an indication of strong demand and short supply) prices soared to $1.95, up 9.25 cents on the day.

Read related items in our Cheese Market Analysis Research Center.