Loading…
CME spot cheese barrels rose 8 cents to $1.63 per pound on March 24, while Class III futures at $18.49 per cwt trailed the USDA projection of $19.10. Butter gained 2.75 cents despite ample stocks, and EU milk output declined 0.7% while New Zealand rose 1.2%.
Futures lagging USDA forecasts and cheese prices remaining well below projections point to weak US dairy values, while EU supply declines offer some export support for product prices.
thebullvine.comAndrew HuntMar 24, 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.
