March 16, 2020
Global Dairy Weekly (week ended March 13, 2020)
An eFeedLink Exclusive
By MATT GOULD, THE DAIRY MARKET ANALYST
Grocery store shelves emptied as consumers stock up
Philadelphia, PA — CME cheese prices rallied this week as consumers flocked to grocery stores. Blocks ended the week up 12.25 cents and barrels, up 2.25. Across the food business, our contacts reported a surge in retail sales this week as Coronavirus spread. And it wasn't just people in the USA. In Europe, the continent with eight countries now in the top-10 of most new cases of Coronavirus, consumers also stormed grocery stores.
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