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The July federal order Class III benchmark fell to $13.77 per cwt, the lowest since May 2020, while the Class IV price was $18.26. Analysts question whether cheese prices rose too quickly after the earlier slide.
Weak Class III pricing reflects soft cheese demand and limits dairy producers' margins, which can curb herd expansion and feed purchases.
en.edairynews.comDamián MoraisAug 17, 2023Not 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.
