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Cash dairy prices were volatile in the second week of August, with block cheddar finishing at $1.7425 per pound, up 4.5 cents on the week. Barrels closed at $1.5875 and butter fell to $2.65 per pound, while traders watched the Global Dairy Trade auction and the July Milk Production report.
Choppy cheese and butter prices with no decisive new driver indicate a routine market wrap, leaving dairy-linked feed ingredient prices range-bound.
capitalpress.comLee MielkeFor the Capital PressAug 15, 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.
