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US block cheddar closed the week of February 13 at $1.58 per pound and fell to $1.53 on February 21, its lowest since October. Cash butter held near $2.15 per pound, and nonfat dry milk was 87 cents per pound amid trade policy uncertainty.
Weak cheese prices, heavy cheese stocks and softer nonfat dry milk point to lower dairy product values, pressuring milk prices and the value of dairy ingredients in feed.
capitalpress.comLee MielkeFor the Capital PressFeb 21, 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.
