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Cheddar blocks closed the week at $1.44 per pound, up 4 cents, and barrels finished at $1.39. Analysts said growing milk output and heavy stocks add to bearish pressure, though cheese prices were firmer on the week.
Cheese prices are holding up despite heavy stocks, but if demand fails to absorb spring milk growth, Class III prices could fall.
capitalpress.comLee MielkeFor the Capital PressMar 28, 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.
