# Dairy prices await direction | Capital Press

> Dairy prices were mixed in the holiday-shortened week, with CME cheddar blocks closing at $1.4750 and barrels at $1.4275. Midwest cheese output is strong as cheesemakers keep plants running on abundant spot milk priced $1.50-$5.00 under Class, and cash butter fell to its lowest since December 9.

- Date: 2017-04-18 · published 2017-04-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71522-dairy-prices-await-direction-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Abundant spot milk and high cheese output signal persistent oversupply, which keeps US dairy prices under pressure ahead of the Global Dairy Trade auction and USDA milk production report.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2017/04/18/dairy-prices-await-direction/

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