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Cheddar blocks closed at $1.565 per pound and barrels at $1.345 on the week, both up on the week after the GDT auction. Both remain well below year-ago levels.
A short-term cheese and powder rebound offers modest relief for milk prices, but levels remain below last year and do not change the bearish outlook.
capitalpress.comLee MielkeFor the Capital PressJan 23, 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.
