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Barrel cheddar rose from $1.55 to $1.9525 per pound since early March, and 40-pound blocks reached $1.99. The February Class III price was $17.78, with March possibly near $18.00 as cheese strength lifts the price.
Stronger cheese prices lift Class III milk values, improving producer returns, though USDA still expects milk output growth to pressure prices later in 2023.
en.edairynews.comDesirée JuarezMar 27, 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.
