# Dairy prices continue to climb | Capital Press

> Cash block cheddar closed April at $1.62 per pound, and cash butter closed at $2.36. CME barrel cheese rose to $1.6025 after a strong GDT auction, and blocks hit $1.66, the highest since November 2017. Cheese demand was described as fair to slightly up, and spot milk traded $2 to $4 under Class III.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5131-dairy-prices-continue-to-climb-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising cheese and butter values and export interest in U.S. cheese support Class III milk prices, though discounted spot milk signals ample supply.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-05-01 | 1 | +5.0% | 7.7 | CME block cheese hit its highest since Nov 2017 and barrel cheese rose after a strong GDT auction, directly lifting Class III futures, which are driven by cheese prices. |
| MILK | 2018-05-02 | 1 | +5.0% | 7.3 | Cash block cheddar hit its highest level since November 2017 and barrel cheese rose after a strong GDT auction, which directly lifts Class III milk futures, since they are priced off cheese. |

## Sources

- capitalpress.com: https://capitalpress.com/2018/05/01/dairy-prices-continue-to-climb/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.