date:Oct 10, 2012
pplies rather than the decline the government is predicting, Chesler said.
Cheddar Cheese
Higher prices may crimp demand, with cheddar traded on the CME rallying 26 percent to $2.075 a pound in the third quarter. The increase in wholesale prices may be passed along to retailers, Chesler said.
Were hitting levels where buyers are getting concerned, he said. Commercial milk consumption next year may slide 0.5 percent to 192.2 billion pounds, compared with a 2.1 percent increase this year, the U