CONTINUE TO SITE »
or wait 15 seconds

News

UPDATE: Cheese prices soar 12 cents in one week—then plunge

November 2, 2006

LOUISVILLE, Ky. — After languishing for weeks in the $1.20-per pound range, prices for block cheese traded at the Chicago Mercantile Exchange is on the increase. In the past week, prices jumped 12 cents to trade at $1.37 on Nov. 2.
 
But as trading resumed on Nov. 3, prices plunged more than a nickel to close at $1.31. Offers left on the trading board could signal additional declines.
 
The most current forecasts don't point to a significant short-term price run-up, and based on those predictions, the recent volatility may have surprised some market watchers. According to published reports, current demand for cheese is stronger than expected and is pushing prices higher.
 
Read more in our Cheese Market Research Center.

Related Media

Recent Posts
HungerRush launches AI-powered text marketing for restaurants
Yum Brands makes c-suite promotions
Papa Johns offers Croissant Pizza for one day only
Restaurant operators still planning to add locations despite economy
Little Caesars launches Cheesesteak Crazy Puffs LTO


©2025 Networld Media Group, LLC. All rights reserved.
b'S2-NEW'