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CME block cheese rallied in the second week of December after falling to $1.33 per pound, closing at $1.4075, while barrels finished at $1.31. Demand was slow ahead of the holidays, and Midwestern cheese inventories were heavy.
A firmer cheese market and heavy inventories give mixed signals for milk prices, with cheese demand limited by stocks and buyers purchasing cautiously.
capitalpress.comLEE MIELKEFor the Capital PressDec 18, 2018Not 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.
