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Cash dairy prices weakened in the week before Christmas, with CME block cheddar falling to $1.4350 per pound, its lowest since March 2017. Blocks recovered to $1.4925 by Friday, and barrels closed at $1.41, down 25 cents on the week.
Weak cheese and butter prices signal softer milk returns for dairy farmers, which can curb their appetite for feed in the near term.
capitalpress.comLee MielkeFor the Capital PressDec 26, 2017Not 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.
