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US dairy markets were mixed in the Labor Day-shortened week after the Dairy Products report and Global Dairy Trade auction. Block cheddar closed at $1.6425 per pound, up 10.25 cents on the week, while barrels finished at $1.54.
Mixed cheese prices and reports of larger-than-typical inventories give no clear direction for Class III milk. Demand signals are split between steady school and food service needs and slower Midwest cheese sales.
capitalpress.comLee MielkeFor the Capital PressSep 12, 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.
