# Cash dairy market in limbo | Capital Press

> Mid-July U.S. cash dairy prices were mixed after the Global Dairy Trade auction and ahead of June milk production data. Cheddar blocks closed at $1.52 per pound and barrels at $1.27, both well below year-ago levels, with trade war uncertainty and high freight costs widening the spread between them.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64034-cash-dairy-market-in-limbo-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Persistent trade uncertainty and weak cash prices point to soft dairy values, while high freight costs limit regional dairy movement.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2018/07/24/cash-dairy-market-in-limbo/

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