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University of Wisconsin economist Chuck Nicholson says cheese prices have strengthened because cheese stocks are about 9% below last year's level. Stocks-to-use is in a strong position, which has led to better milk checks for farmers this summer.
Lower cheese inventories support Class III milk prices, improving dairy farm income and potentially dairy herd feed demand.
brownfieldagnews.comLarry LeeSep 9, 2024Not 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.
Cheese stocks about 9% below last year support cheese and Class III prices, a supply-side tightness factor.
