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Most CME dairy prices rose in the first week of May 2017 despite heavy product volume. Cash cheddar blocks closed at $1.60 per pound, the highest since mid-February, and butter closed at $2.1075, with the most cars sold since August 2014.
Firm cheese and butter prices support Class III and IV milk returns, though heavy milk flows and record inventories limit the upside.
capitalpress.comLee MielkeFor the Capital PressMay 9, 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.
