# New Year unkind to cash dairy prices | Capital Press

> Cash dairy prices were mixed in the New Year's holiday-shortened week. Cheddar blocks closed the first Friday of 2018 at $1.4950 per pound, down 4.5 cents on the week, while barrels finished at $1.39, down 5.25 cents, with barrels falling to $1.30 by Tuesday. Cash butter dipped to $2.18 per pound after a Friday close of $2.2375.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7144-new-year-unkind-to-cash-dairy-prices-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak spot cheese and milk prices reflect ample milk supply relative to demand, which pressures Class III milk values and the dairy feed-buying outlook. Buyers should expect soft dairy price signals to persist while production stays strong.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-01-10 | 5 | -10.8% | -4.4 | Cash cheddar blocks and barrels fell sharply (barrels to $1.30), and cheese prices directly drive Class III milk futures, so this is the most direct driver of the drop. |

## Sources

- capitalpress.com: https://capitalpress.com/2018/01/09/new-year-unkind-to-cash-dairy-prices/

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