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Cash cheddar blocks closed the week at $1.4950 per pound, down 4.5 cents on the week and 8 cents below a year ago. Barrels finished at $1.46, while butter rose to around $2.17 per pound, up 7.25 cents on the week.
Heavy Midwest milk supplies pressured cheese, while firmer butter reflects tightening cream supplies; the mixed moves give dairy feed buyers a mixed price signal.
capitalpress.comLee MielkeFor the Capital PressFeb 27, 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.
