Loading…
CME cheddar blocks rose 2 cents on active trading, while butter fell 3.5 cents to $2.24 per pound, its lowest since 2021. Nonfat dry milk and dry whey were flat amid export challenges tied to China's tariffs on US whey.
Butter weakness and flat powder prices point to lower milk component values and softer dairy demand. China's tariffs limit export outlets, which keeps downside pressure on milk prices.
thebullvine.comApr 29, 2025Not 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.
CME report dated 2025-04-29 shows butter at its lowest since 2021 and flat whey and nonfat dry milk amid China tariff export challenges, a bearish demand and trade signal that coincides with the move.
