# Dairy markets trying to climb | Capital Press

> CME block cheddar closed Aug. 3 at $1.5875 per pound, up 6.75 cents on the week and the highest since June 18, though 11 cents below a year earlier. Barrels finished at $1.4750, and butter rose to $2.32 per pound, a fourth straight weekly gain but 41 cents below last year. Pizza cheesemakers were expected to increase sales ahead of the school and football season.

- Date: 2018-08-07 · published 2018-08-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63687-dairy-markets-trying-to-climb-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Modest firming in cheese and butter suggests some recovery in milk values, but prices remain well below year-ago levels. Analysts note that weaker cheese exports are pushing surplus milk into lower-value barrel production.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2018/08/07/dairy-markets-trying-to-climb/

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