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Cheese prices slip

Cheese prices slip as milk production forecast increases - - Cash cheese prices at the Chicago Mercantile Exchange saw more slippage the second week of the New Year. The 40-pound blocks closed the second Friday of the year at $1.72 per pound, down 4 cents on the week but 12 1/2-cents above that week a year ago. The 500-pound barrels lost 4 3/4-cents, closing at $1.6725, 12 1/4-cents above a year ago. One car of block was sold on the week and 13 of barrel. The lagging AMS-surveyed U.S. average block price lost 1.8 cents, slipping to $1.7472, while the barrels averaged $1.7032, off 0.1 cent. <more> Jan. 11, 2013 Capital Press