Loading…
CME butter reached $2.43 per pound in mid-May, its highest since December 2015, before easing to $2.3750 by Friday. Cheddar blocks closed the week at $1.67, the highest since early February, while barrels fell 6 cents.
Strong butter and block prices, driven by global milk fat tightness, support milk values, while weaker barrels signal uneven demand across products.
capitalpress.comLee MielkeFor the Capital PressMay 23, 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.
