Dairy Processing - March/April 2023 - 66

COMMODITIES
a widening
gap
Blocks of cheddar are
holding stronger
than barrels.
66 MAR-APR 2023 | DAIRYPROCESSING.COM
By Nate Donnay | nate.donnay@stonex.com
T
he cheese market is either doing pretty good or pretty
terrible, depending on where you're looking.
In the United States, cheese is primarily priced
based on the Chicago Mercantile Exchange (CME) spot
cheese market. The only cheese that trades on this exchange
is fresh Cheddar in 40-pound blocks and 500-pound barrels.
Since November the spread between the two has widened out
with the price of blocks holding up better than expected while
barrels have been weak.
BLOCKS AND BARRELS
The main difference between the blocks and barrels, other
than package type, is that blocks are colored yellow while
barrels are white. Blocks are typically used to make slices or
shreds of natural cheese. Barrels are typically melted down to
┬ępiter2121-stock.adobe.com
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Dairy Processing - March/April 2023

Table of Contents for the Digital Edition of Dairy Processing - March/April 2023

Dairy Processing - March/April 2023 - Intro
Dairy Processing - March/April 2023 - 1
Dairy Processing - March/April 2023 - 2
Dairy Processing - March/April 2023 - 3
Dairy Processing - March/April 2023 - 4
Dairy Processing - March/April 2023 - 5
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Dairy Processing - March/April 2023 - 7
Dairy Processing - March/April 2023 - 8
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Dairy Processing - March/April 2023 - 11
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Dairy Processing - March/April 2023 - 74
Dairy Processing - March/April 2023 - 75
Dairy Processing - March/April 2023 - 76
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