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US cash cheddar blocks closed 2016 at $1.66 per pound and opened 2017 at $1.67. Butter finished the year at $2.2675 per pound and cheese demand was beginning to slow.
Slowing cheese demand and buyers keeping inventories low weigh on US dairy prices, though producers expect a seasonal pickup before the Super Bowl.
capitalpress.comLee MielkeFor the Capital PressJan 3, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
