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A Dairy Herd analysis compares current milk price optimism with 2014, when the All-milk price averaged a record $23.98. It notes block cheese has traded in a narrow $0.60 range since mid-2021.
The comparison is speculative, but it shows that cheese prices have been relatively flat, which limits how far milk values can rise without a change in fundamentals.
dairyherd.comRobin SchmahlFeb 23, 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.
