Cheese plants ran heavy over the holiday period utilizing the extra milk that was available with schools closed down. Class I demand is now returning. Dairy Market News says most of the cheese went into inventory as buyers are a bit reluctant to make any purchases right now until the prices settle down….general feeling is they could settle “in this neighborhood”. The big drop in prices last week was expected. Buying should pick up as the Super Bowl approaches. Some nervousness also about Kraft selling their pizza business to Nestle’, that has some wondering about the future of their supply agreements with those pizza makers.
Commercial disappearance of American type cheese for the first ten months of 2009 was up 4.3 percent compared to the same period in 2008. Disappearance of “other” cheese was 0.8 percent higher.
A total of 1,724 loads of cheese were sold on the Chicago Mercantile Exchange in 2009, the most ever and well above the 1,196 sold on the market in 2008.
Latest: 
