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CME block Cheddar closed the week of March 15 at $1.56 per pound and barrels at $1.4925, both higher on the week. Butter was $2.28 per pound.
Midwest cheesemakers reported seasonally quiet orders while Western production was active with heavy inventories.
Cheese and butter prices are rising, which generally lifts milk class prices. Heavy Western inventories and quiet Midwest orders limit how far the rally can extend.
capitalpress.comLEE MIELKEFor the Capital PressMar 19, 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.
