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Cash dairy prices were mixed in the second week of May. Block cheddar hit $1.7025 before closing at $1.6325, and barrels finished at $1.62, while butter closed at $2.3350 after touching $2.3825.
Cheesemakers reported day-to-day buying as buyers waited for a possible price drop.
Mixed cash prices and cautious buying suggest limited near-term upside for milk values, with spring flush supply keeping pressure on cheese.
capitalpress.comLee MielkeFor the Capital PressMay 15, 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.
