Cheese prices drift downward

Lee Mielke

CME dairy prices strengthened the week before Thanksgiving. The Cheddar blocks fell last Monday to $1.35 per pound, lowest price since May 25, 2016. However, they rebounded and closed Friday at $1.4525, up 7 1/4-cents on the week but 16 3/4-cents below a year ago.

The barrels finished at $1.36, up 5 1/2-cents on the week, 26 3/4-cents below a year ago, and a still too high 9 1/4-cents below the blocks.

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