Loading…
Cheddar block prices swung sharply from April to September 2020, falling to $1 per pound in April, setting a $3 record in July and dropping below $2 in August. Cheddar barrels followed a similar path, and the Class III milk price moved from $12.14 in May to $24.54 in July before easing.
Large swings in cheese prices feed directly into the Class III milk price that sets farm milk checks, so volatility signals uncertain milk income and feed-buying budgets for dairy producers.
farmprogress.comFran O'LearySep 28, 2020Not 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.
Extreme cheese price swings and Class III volatility show the market's sensitivity to block moves, consistent with a large one-day jump.
