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Chicago Mercantile Exchange block cheddar closed November 17 at $1.62 per pound, down 9 cents on the week, and butter closed at $2.2150. US butterfat exports in September fell 17% year on year, with the largest drop in shipments to Canada.
Weaker cheese, butter and export demand, plus growing milk supply, signal downward pressure on US dairy prices and limited dairy-sector feed demand.
leadertelegram.comLee MielkeNov 20, 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.
