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Cheddar blocks slipped 2 cents to $1.50 per pound on the CME spot market after a strong prior week, while barrels fell to $1.4575. AA butter and nonfat dry milk prices were also reported lower or steady in quiet trading.
Routine spot softness in cheese and butter signals weak dairy product demand relative to heavy supply, a mildly bearish signal for milk prices.
wisfarmer.comApr 5, 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.
