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CME block cheddar fell to $1.4450 on December 12 before rallying to close at $1.53 on December 15. Barrels set a record inverted spread of 22.5 cents on December 12 and recorded record single-day trading volume.
Sharp swings and an inverted cheese spread show a volatile dairy market, though the late-week rebound leaves the overall price direction for milk unclear.
leadertelegram.comLee MielkeDec 18, 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.
