AS with any food it is not recommended to eat food after its expiration date. That being said, because Velveeta Cheese is so processed there has been some research that indicates that you can consume Velveeta Cheese after its expiration date. u003cbr/u003eu003cbr/u003eYou can simply cut off the moldy parts of the cheese. However, if you wrap up your cheese properly and no air is able to get in, this type of cheese should last for several months in the refrigerator.