Made processed cheese (4)
I believe the answer is:
edam
'cheese' is the definition.
(Edam is an example)
'made processed' is the wordplay.
'processed' is an anagram indicator.
'made' with letters rearranged gives 'EDAM'.
(Other definitions for edam that I've seen before include "Yellow cheese with a red covering" , "Made into a nice cheese" , "Cheese made badly" , "Dairy product" , "something from the deli" .)