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High; 52º Low: 35º
Twin Falls, Idaho ( KMVT-TV / KSVT-TV ) If you love cheese, you're going to have to pay a price for it, a higher price than normal, that is.
"All dairy commodities are on the increase right now, and that follows supply and demand. Usually when you get these sharp spikes in prices or declines in prices, it’s typically more supply-driven than demand. Demand is kind of steady year-to-year, and we are seeing a tremendous demand out of China and foreign countries," explains Jeff Williams, President and CEO of Glanbia Foods.
Williams tells us the climb is happening because of supply.
This is due to the drought in California and the tough winter the Midwest and Northeast is facing.
"We are starting to see those prices flow into the retail store shelves, and you'll see it in food service menus, if we aren't already seeing it," Williams points out.
"All proteins are starting to move up, and we are seeing some food inflation right now," Williams says.
Food inflation, which is starting in your local dairy aisle.
Higher cheese prices also means you can see an increase on everything from milk, ice cream, and butter.