8 May 2024
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Perfect storm of demand lifts cheese market

With the Covid-19 pandemic taking a huge bite out of foodservice demand, it was no surprise that cheese and milk prices initially tanked. Cheese prices on the Chicago Mercantile Exchange dropped to $1 a pound and Class III milk prices in federal orders plunged to $12 a hundredweight.

Cheese might save the small dairy

Jason Schmidt, like many small dairy farmers nationwide, has seen costs increase and profits decrease. While the number of dairy farms is declining, the average size of the farm is growing — dairy farms are getting larger.

Cheese prices hesitate

Most Father’s Day Week dairy prices weakened, though Cheddar block cheese set another record high last Tuesday, pole vaulting 10.75 cents to a whopping $2.81 per pound.

Cheese price hits record highs

Dairy prices ended May in far better shape than at the beginning of the month, and block cheese prices entered June Dairy Month at record highs.