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Wholesale US dairy prices rose significantly from early October to early November 2020, with cheddar blocks up 40 cents and barrels up nearly 69 cents. Cheese prices then fell sharply in the following two weeks, and butter fell to its lowest since May before recovering.
The sharp cheese spike and retreat show volatile dairy values, which can pressure dairy producers' margins and their feed buying pace, making the near-term milk price direction uncertain.
dairyproducer.comTanya EadieNov 24, 2020Not 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.
Documents the sharp cheese price decline in the weeks before the window after a big October-November rally, which drove Class III futures lower.
