# Dairy prices rise then slip | Capital Press

> 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.

- Date: 2017-05-23 · published 2017-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71019-dairy-prices-rise-then-slip-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong butter and block prices, driven by global milk fat tightness, support milk values, while weaker barrels signal uneven demand across products.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2017/05/23/dairy-prices-rise-then-slip/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.