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CME block cheddar sank to $1.35 per pound before rallying to $1.40 by March 17, and barrels closed at $1.3650. Cash butter fell to $2.11 on a heavy sell-off before closing at $2.13, and Midwest cheese output kept pace with readily available milk.
Abundant milk and long cheese inventories are keeping US cheese and butter prices weak, which weighs on milk price expectations.
history.edairynews.comPublicado por: GonzaloMar 22, 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.
