Chart of the week: cheese – the first casualty of the trade war

US cheese prices have crumbled thanks to a glut – the block cheddar cheese benchmark price settled at around $1.54 a pound

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US cheese prices have crumbled thanks to a glut,says Myra Saefong in Barron's. The block cheddar cheese benchmark price settled at around $1.54 a pound after a bout of volatility this month. Traders predict more of the same for the year. But in the long run, prices should recover.

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