# Cheese prices step back

> 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.

- Date: 2017-04-05 · published 2017-04-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71513-cheese-prices-step-back
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine spot softness in cheese and butter signals weak dairy product demand relative to heavy supply, a mildly bearish signal for milk prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- wisfarmer.com: https://www.wisfarmer.com/story/news/2017/04/05/cheese-prices-step-back/100080506/

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