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The Dairy Pricing Association, a group of more than 400 producers in eleven states, buys cheese above the CME price using member funds about every two months. The purchased product is donated to food pantries.
Producer-funded cheese purchases remove some product from the market and could modestly support cheese and milk prices, though the volumes are small.
brownfieldagnews.comLarry LeeMar 7, 2017After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% over 20.
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.
