Dairy Market: Cheese in the cellar

CME cash cheese prices ended November strengthened but still in the cellar. Block Cheddar, after dropping 10 3/4-cents Thanksgiving week, finished last week and the month at $1.36 per pound, up 1 1/2-cents on the week but 9 1/2-cents below its November 1 level, and a hefty 20 1/4-cents below a year ago.

The barrels closed Friday at $1.3150, up 7 1/2-cents on the week, after plunging 12 cents the previous week, but was 6 cents lower on the month, and 22 cents below a year ago. There were 7 cars of block sold last week, 71 on the month, plus 8 cars of barrel sold on the week, with 44 on the month.