Probably most people have noticed the price of block Cheddar is rising at the Chicago Mercantile Exchange on bids. Jerome Cheese, which makes cheese,seems to have disappeared.
So, now we seem to have a situation where another manufacturer of cheese, Mullins, appears to be bidding for cheese.
My guess is that if there are two theories about what this all means, they are probably both wrong.
The average world price for Cheddar is still at $1.79 per pound. one thing about world prices is the value of the dollar compared to other currencies. since, the U. S. dollar is falling world prices will probably stay high. But, who knows?