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Jacoby's September market report says US dairy markets have been unusually stable, with cheddar blocks trading between $1.50 and $1.75 and butter holding a $2.32 to $2.52 support range. Whey and nonfat dry milk prices are also described as range-bound, with NDM breaking lower after EU intervention sales were announced.
Flat dairy prices and firm EU intervention stocks keep dairy-based feed ingredient values under pressure. Price channels suggest no major move is imminent.
jacoby.comOct 31, 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.
