News

Block price meltdown stops at $1.45

May 24, 2005

LOUISVILLE, Ky. — After sliding nearly 13 cents in five trading sessions, prices for block cheddar remained unchanged at $1.45 during May 25 trading at the Chicago Mercantile Exchange.

The price meltdown comes on the heels of a 14-cent run-up staged two weeks ago when blocks traded at $1.42.

All year long analysts have predicted the cash cheese market would be volatile given the current steady balance between supply and demand.

Learn more about cheese prices in our Cheese Market Research Center.