Loading…
CME cash cheese fell for a fourth straight week, with blocks closing at $1.48 per pound on March 3. Global Dairy Trade's first auction of March saw its weighted average drop 6.3%, led by a 15.5% skim milk powder decline.
Falling cheese and skim milk powder prices and a weak GDT auction signal softer dairy demand and lower milk price expectations.
capitalpress.comStaff ReportsMar 7, 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.
