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US cheese prices remain weak compared with butter and nonfat dry milk, which have risen sharply on tighter milk supply. Cheese output is still growing because commercial plants hold steady milk contracts with co-operatives.
Growing cheese output keeps the cheese segment bearish, while tight milk supply supports other dairy products. Overall milk prices are likely to stay firm but with limited upside from cheese.
dairyprocessing.comNate DonnayMay 27, 2022Not 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.
