# Lee Mielke: Dairy prices look for direction | Capital Press

> CME block cheddar climbed to $1.7525 per pound by June 7, while barrels closed at $1.5350 after dipping to their lowest since March. Cheese orders were picking up and the wide block-barrel spread was squeezing plant milk purchasing.

- Date: 2019-06-11 · published 2019-06-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58608-lee-mielke-dairy-prices-look-for-direction-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firmer cheese demand and a wide spread between blocks and barrels support near-term milk pricing, though the spread creates buying challenges for barrel makers.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2019/06/11/lee-mielke-dairy-prices-look-for-direction/

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