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CME Cheddar blocks closed 2018 at $1.43 per pound, up 4 cents on the week but 11 cents below a year earlier, while barrels finished at $1.29. Cheese production was busy during the holiday week, and some Midwestern plants reported minimal stocks.
Cheese prices remain well below year-ago levels, and stocks that outweigh national demand keep the outlook for milk prices less than bullish heading into 2019.
capitalpress.comLEE MIELKEFor the Capital PressDec 31, 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.
