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CME cheddar blocks closed at $1.76 a pound and spot butter at $2.34 in the first week of October, both above year-ago levels. Dairy Market News reported milk becoming less available for cheese in the Central region, with market tone described as steady.
Steady-to-firm US cheese and butter prices reflect tight regional milk availability. Little change is expected, so dairy feed ingredient costs stay stable.
capitalpress.comLee MielkeFor the Capital PressOct 10, 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.
