Bay Valley Cheddar Cheese Sauce

WATER, CHEDDAR CHEESE (PASTEURIZED MILK, CHEESE CULTURE, SALT, ENZYMES, ANNATTO EXTRACT [COLOR]), VEGETABLE OIL (CONTAINS ONE OR MORE OF CANOLA OIL, SOYBEAN OIL), WHEY, MODIFIED CORN STARCH, CONTAINS LESS THAN 2% OF VINEGAR, SODIUM PHOSPHATE, SALT, YEAST EXTRACT, XANTHAN GUM, CREAM, SODIUM HEXAMETAPHOSPHATE, MONO- AND DIGLYCERIDES, CAROTENAL COLOR, SODIUM STEAROYL LACTYLATE, ANHYDROUS MILKFAT, LACTIC ACID, CITRIC ACID, ANNATTO COLOR, NONFAT DRY MILK, ACETIC ACID, NATURAL FLAVOR