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CME block cheddar rose to $1.86 per pound before falling to $1.74 after news that the Farms to Families food box program would end. Blocks recovered to a $1.78 close and barrels closed at $1.69 that week.
Traders were also weighing the Global Dairy Trade auction and the upcoming March milk production report.
Loss of government food box purchases removes a demand support for dairy products, which can pressure cheese and butter prices, though the market recovered much of the drop.
en.edairynews.comDamián Morais21 abr 2021Tras 93 eventos neutral de política pasados, Leche (Clase III) se movió una mediana de -0,0 % en 5 sesiones (48% al alza; mitad central entre -0,6 % y +0,6 %), y +0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
