News

Cheese slips below govt. support price

February 23, 2006

LOUISVILLE, Ky.—Feb. 24 block cheese traders at the Chicago Mercantile Exchange saw prices drop nearly 2 cents to $1.1275 a pound, just below the government price support level of $1.13.

Though foodservice demand is strong, retail demand is flat, and analysts say the voluminous milk supply coming from the nation's dairy herd will pressure prices for the foreseeable future.

Read more in our Cheese Market Analysis Research Center.