Aggressive spot selling pushed block cheese down 9.5 cents to $1.7750 and sent Class III and cheese futures to new nearby lows. Spot whey fell to 51 cents, its lowest since mid-July, on heavy volume.
Cheese and whey weakness feeds directly into Class III milk prices, and a slowdown in demand is leaving extra loads to clear.
Not 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.
Aggressive spot selling cut block cheese 9.5 cents and whey to its lowest since July, pushing Class III futures to new nearby lows within the window.
Aggressive spot block cheese selling and whey falling to its lowest since July pushed Class III futures to new nearby lows, directly driving the price drop early in the window.
Aggressive spot selling drove block cheese down 9.5 cents and Class III futures to new nearby lows on March 3, setting up the selloff that continued into March 5.