Pizza Today - May 2017 - 50

barometer for the U.S. cheese market,
informing prices for nearly every other
variety of natural cheese in the country.
"Fluctuations at the CME reflect the
temperament and supply and demand
of cheese in the U.S. market as a whole,"
says Dave Kurzawski, a senior broker
specializing in dairy at INTL FCStone
in Chicago.
And even though cheddar represents

but a narrow speck of the diverse and
expansive domestic cheese market,
it remains the commodity's pricing
standard-bearer, an American economic
practice some eight decades old.
"This is just the way the industry
has done it since the 1930s," says Eric
Meyer, president of HighGround Dairy,
a Chicago-based trading firm.
Most suppliers, then, set their prices

according to the CME's spot market, often with lag time ranging
from one day to two weeks.
Why are cheese prices so
volatile?

Cheese prices are always bobbing and weaving. Last year, block
cheddar prices at the CME were
as low at $1.32 in May and as high
as $1.88 in November. Go back
to 2014, however, and prices have
ranged from $1.32 to $2.36.
Not surprisingly, supply and
demand -- both domestically as
well as internationally given the
rising amount of U.S. cheese being
exported around the globe -- drive
price fluctuations of cheese at retail,
foodservice and industrial levels.
As many a high school economics
teacher has preached, prices rise
with heightened demand and fall
amid an oversupply.
Yet, cheese price volatility can

Cheesy
Information:
Finding information on the
cheese market

5 0 / P I Z Z AT O D AY. C O M / M AY 2 0 1 7

Today's pizzeria operators have
more information at their fingertips
than ever before and can easily
follow cheese prices at the Chicago
Mercantile Exchange (CME) by visiting the CME website. Operators can
also turn to market publications such
as Cheese Market News or Cheese
Reporter for tallies.
Yet more, market insiders such as
HighGround Dairy and INTL FCStone
provide market intelligence on
cheese prices, sharing data alongside
credible analysis that can drive more
advantageous purchasing.
"No matter how big or how small
you are, you have to mind your
numbers and be informed," Waldo
Cooney's Pizza owner Gary Cooney
says.


http://www.thrivepos.com/delivery http://www.thrivepos.com http://www.thrivepos.com http://www.PIZZATODAY.COM

Pizza Today - May 2017

Table of Contents for the Digital Edition of Pizza Today - May 2017

Pizza Today - May 2017
Commentary
Contents
Contributors
Expo Spotlight
Interact
Conversation
Man on the Street
Respecting the Craft
On Tap
Destinations
Knead to Know
Flooring Options
Specialty Cheese Pairings
Manchego
Eliminating Spoilage
Cheese Pricing
Grand Openings
Pizza Today on the Road: Riverboat Pizza Co., Savannah, GA
Pizza Today on the Road: Stoner’s Pizza Joint, Savannah, GA
International Pizza Expo Wrap Up
Product Showcase
Pizza Today Yellow Pages
The Marketplace
Reader’s Resource
Trending Recipe
Pizza Today - May 2017 - CT1
Pizza Today - May 2017 - CT2
Pizza Today - May 2017 - Pizza Today - May 2017
Pizza Today - May 2017 - Cover2
Pizza Today - May 2017 - Commentary
Pizza Today - May 2017 - 4
Pizza Today - May 2017 - 5
Pizza Today - May 2017 - Contents
Pizza Today - May 2017 - 7
Pizza Today - May 2017 - 8
Pizza Today - May 2017 - 9
Pizza Today - May 2017 - Contributors
Pizza Today - May 2017 - 11
Pizza Today - May 2017 - Expo Spotlight
Pizza Today - May 2017 - 13
Pizza Today - May 2017 - Interact
Pizza Today - May 2017 - 15
Pizza Today - May 2017 - Conversation
Pizza Today - May 2017 - 17
Pizza Today - May 2017 - Man on the Street
Pizza Today - May 2017 - 19
Pizza Today - May 2017 - Respecting the Craft
Pizza Today - May 2017 - 21
Pizza Today - May 2017 - On Tap
Pizza Today - May 2017 - 23
Pizza Today - May 2017 - Destinations
Pizza Today - May 2017 - 25
Pizza Today - May 2017 - Knead to Know
Pizza Today - May 2017 - 27
Pizza Today - May 2017 - 28
Pizza Today - May 2017 - 29
Pizza Today - May 2017 - Flooring Options
Pizza Today - May 2017 - 31
Pizza Today - May 2017 - 32
Pizza Today - May 2017 - 33
Pizza Today - May 2017 - Specialty Cheese Pairings
Pizza Today - May 2017 - 35
Pizza Today - May 2017 - 36
Pizza Today - May 2017 - 37
Pizza Today - May 2017 - 38
Pizza Today - May 2017 - 39
Pizza Today - May 2017 - Manchego
Pizza Today - May 2017 - 41
Pizza Today - May 2017 - 42
Pizza Today - May 2017 - 43
Pizza Today - May 2017 - Eliminating Spoilage
Pizza Today - May 2017 - 45
Pizza Today - May 2017 - 46
Pizza Today - May 2017 - 47
Pizza Today - May 2017 - Cheese Pricing
Pizza Today - May 2017 - 49
Pizza Today - May 2017 - 50
Pizza Today - May 2017 - 51
Pizza Today - May 2017 - Grand Openings
Pizza Today - May 2017 - 53
Pizza Today - May 2017 - 54
Pizza Today - May 2017 - 55
Pizza Today - May 2017 - Pizza Today on the Road: Riverboat Pizza Co., Savannah, GA
Pizza Today - May 2017 - 57
Pizza Today - May 2017 - 58
Pizza Today - May 2017 - 59
Pizza Today - May 2017 - Pizza Today on the Road: Stoner’s Pizza Joint, Savannah, GA
Pizza Today - May 2017 - 61
Pizza Today - May 2017 - 62
Pizza Today - May 2017 - 63
Pizza Today - May 2017 - International Pizza Expo Wrap Up
Pizza Today - May 2017 - 65
Pizza Today - May 2017 - 66
Pizza Today - May 2017 - Product Showcase
Pizza Today - May 2017 - 68
Pizza Today - May 2017 - 69
Pizza Today - May 2017 - Pizza Today Yellow Pages
Pizza Today - May 2017 - 71
Pizza Today - May 2017 - 72
Pizza Today - May 2017 - 73
Pizza Today - May 2017 - 74
Pizza Today - May 2017 - 75
Pizza Today - May 2017 - 76
Pizza Today - May 2017 - 77
Pizza Today - May 2017 - The Marketplace
Pizza Today - May 2017 - 79
Pizza Today - May 2017 - 80
Pizza Today - May 2017 - 81
Pizza Today - May 2017 - 82
Pizza Today - May 2017 - 83
Pizza Today - May 2017 - 84
Pizza Today - May 2017 - 85
Pizza Today - May 2017 - 86
Pizza Today - May 2017 - 87
Pizza Today - May 2017 - 88
Pizza Today - May 2017 - Reader’s Resource
Pizza Today - May 2017 - Trending Recipe
Pizza Today - May 2017 - Cover3
Pizza Today - May 2017 - Cover4
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