Loading…
US dairy prices were mostly higher in the week ending April 6, with CME cheddar blocks closing at $1.6025 per pound and blocks reaching $1.64, the highest since November 2017. Cash butter also rose on the week, though analysts noted cheese inventories exceed demand.
Firmer cheese and butter prices improve dairy processor returns, but the commentary on excess inventories suggests the rally may be limited.
capitalpress.comLee MielkeFor the Capital PressApr 10, 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.
