Loading…
CME cash dairy prices strengthened for cheese but fell for butter and powder in the latest week. Cheddar blocks closed at $1.07 per pound, ending five weeks of losses but still 61.5 cents below a year ago, while Leprino Foods idled a Colorado plant after COVID-19 cases.
Cheese strength driven by pipeline refilling supports milk prices modestly, but butter and powder weakness and the year-on-year decline keep the milk outlook soft.
en.edairynews.comDamián MoraisApr 29, 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.
