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CME cheddar block and barrel prices recovered from July lows of about $1.32 to near $2.00 per lb in August. Cheese demand was modestly higher than last year through the first half, while spot trading in Chicago weighed on prices earlier.
A firmer cheese complex supports Class III milk prices and producer returns, though the rebound remains volatile and export share is still under pressure.
mctdairies.comAug 31, 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.
