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University of Wisconsin economists said US American-style cheese inventories were down 7.1% year on year at the end of December. They expect shrinking cheese stocks to support milk prices, though the market does not yet look tight.
Tightening cheese stocks points to firmer cheese and milk prices, which can support dairy herd margins and feed demand. The signal is still early.
capitalpress.comCAROL RYAN DUMASCapital PressJan 25, 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.
