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Cash cheese and butter prices strengthened at the end of February, with blocks reaching $1.6025 per pound, the highest since November 2017. Midwestern cheesemakers reported steady demand while spot milk was mostly discounted.
Firmer cheese and butter prices lift Class III and IV milk values, but discounted spot milk signals ample supply that caps the upside for dairy feed demand.
capitalpress.comLee MielkeFor the Capital PressMar 6, 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.
