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Cash cheddar blocks closed the week at $1.51 per pound, up 4.75 cents, while barrels reached $1.36. Spot and contract milk was abundant in the Midwest, with prices ranging from $1 over to $4 under Class III.
Abundant milk and the wide block-to-barrel spread signal soft cheese demand relative to supply, a mildly bearish factor for dairy prices.
history.edairynews.comPublicado por: Damián MoraisFeb 14, 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.
