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Block Cheddar closed the first Friday of April at $1.66 per pound, up 1.5 cents on the week, and barrels closed at $1.575. Central cheesemakers reported demand edging up ahead of the holidays after a dismal winter buying period.
Firmer cheese demand and steady production point to modestly supportive Class III milk values, which can influence dairy-based feed ingredient demand such as DDGS and milk price expectations.
capitalpress.comLEE MIELKEFor the Capital PressApr 9, 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.
