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Cash cheese blocks closed the second week of February at $1.5575 per pound, down 8.25 cents on the week, while barrels finished at $1.49. Butter was climbing, and spot milk prices stayed discounted with plenty of milk available for cheese production in the Midwest.
Ample milk supply and falling cheese prices point to continued softness in dairy markets, with limited near-term support for milk values.
en.edairynews.comDamián MoraisFeb 17, 2021Not 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.
