# Lee Mielke: Dairy markets remain hesitant | Capital Press

> Cheddar blocks closed the week of March 1 at $1.61 per pound, the fifth straight weekly gain and the highest since October. Barrels finished at $1.41, and butter closed at $2.2875. Western milk supplies were ample and vats were near capacity, while Midwest demand showed a seasonal slowdown.

- Date: 2019-03-05 · published 2019-03-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/60101-lee-mielke-dairy-markets-remain-hesitant-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Cheese and butter strength supports milk prices, but abundant milk and heavy inventories limit upside. Feed demand from dairy herds is steady while milk supplies remain plentiful.

## Read by commodity

- MILK: neutral

## Sources

- capitalpress.com: https://capitalpress.com/2019/03/05/lee-mielke-dairy-markets-remain-hesitant/

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