commodity cheese
names cheese that is affected by public trading at the CME Group (formerly Chicago Mercantile Exchange), but also refers to USDA requirements and dairy procurement by the US government. In the case of the latter, commodity cheese consists of (legally): mozzarella cheese, natural American cheese (Cheddar) and pasteurized process American cheese. In the case of the former, public trading of Cheddar in both 40-pound (18-kilogram) blocks and 500-pound (227-kilogram) barrels, along with various federal and state regulations, sets the price at which block cheese, including natural American cheese (Cheddar), mozzarella cheese, and pasteurized process American cheese, is sold throughout the United States.... ...
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