# Lee Mielke: Dairy prices strengthen | Capital Press

> 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.

- Date: 2018-12-18 · published 2018-12-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61559-lee-mielke-dairy-prices-strengthen-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A firmer cheese market and heavy inventories give mixed signals for milk prices, with cheese demand limited by stocks and buyers purchasing cautiously.

## Read by commodity

- MILK: neutral

## Sources

- capitalpress.com: https://capitalpress.com/2018/12/18/lee-mielke-dairy-prices-strengthen/

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