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Cash block cheddar closed at $1.5850 per pound, and spot butter ended near $2.21. Snowstorms in the Northeast led some Midwestern cheesemakers to cut production, and Italian-style cheese demand weakened.
Weather-driven demand softness and reduced cheese output may ease dairy prices in the near term, though strong specialty demand provides some support.
capitalpress.comLee MielkeFor the Capital PressMar 20, 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.
