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CME Cheddar blocks closed the third week of January 2020 at $1.9625 per pound, up 9.25 cents on the week. Barrels rallied to $1.5625, and strong Super Bowl cheese orders supported demand into January.
Firm cheese demand and rising block prices support US milk values, which can improve dairy farmer income and feed purchasing. The move is routine price action.
capitalpress.comLEE MIELKEFor the Capital PressJan 21, 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.
