Today, for the second straight day, block Cheddar on the CME fell. Today, block were down 2 cents and it was not Jerome - try Ted Jacoby.
What is interesting is the crash in futures. On Friday the November 2010 futures were down $0.55. Toady November futures fell another 7 cents.
Easy pickins'.
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Combine just those two days of trading and you get a half dollar drop in the 4b (cheese) price in California. For every penney they drop the farm price drops ten cents.
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