Monday, May 2, 2011


Today, USDA released its "Dairy Products" report which covers March 2011. American type cheese production was up 0.3 % when compared with March 2010. USDA's "Commercial Disappearance" data came out recently which showed a 12% increase in sales of American type cheese. That is a huge change. Most of the increase came from exports.

Speaking with a cheese broker today, I learned there are hamburger price "war" currently. he felt that should bump up cheese consumption.

Altogether, the situation should provide a healthy price at the CME. But, do the traders really know what is happening in the real world?

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