Made out dairy product (4)
I believe the answer is:
edam
'dairy product' is the definition.
(Edam is an example)
'made out' is the wordplay.
'out' indicates an anagram (out can mean wrong or inaccurate).
'made' with letters rearranged gives 'EDAM'.
(Other definitions for edam that I've seen before include "Hard Dutch cheese" , "Round, yellow cheese" , "Dutch food" , "something to have with crackers" , "Dutch specialty" .)