# Too much to digest at dairy markets | Capital Press

> CME block cheddar closed the holiday week at $1.61 per pound, while barrels fell to $1.54, their lowest since September. Cheese orders are steady to slow, and cheese inventories are generally long.

- Date: 2017-11-28 · published 2017-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4083-too-much-to-digest-at-dairy-markets-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy cheese stocks and softer orders point to continued downward pressure on milk prices, though foreign export interest offers some support.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-11-29 | 5 | -9.4% | -3.5 | Barrel cheddar fell to its lowest since September with slow orders and long inventories, which directly lowers the cheese-driven Class III value. |
| MILK | 2017-11-29 | 1 | -9.3% | -23.7 | Barrel cheddar fell to $1.54, its lowest since September, and cheese inventories are long, which directly pressures Class III milk futures, since cheese is the main driver of that price. |

## Sources

- capitalpress.com: https://capitalpress.com/2017/11/28/too-much-to-digest-at-dairy-markets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.