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Global Dairy Trade's weighted average slipped 0.4% at the August 3 auction, led by a 1.5% drop in anhydrous milkfat, with sellers offering 87.5 million pounds. CME cheddar blocks hit a 2019 high of $1.93 per pound in late August.
Modest global dairy price softness and firm US cheese values give mixed signals for milk returns and dairy feed demand.
capitalpress.comLEE MIELKEFor the Capital PressSep 3, 2019Not 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.
