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US cash cheese and butter prices rose during the week ending November 4, with cheddar blocks up 16.75 cents to $1.8310 per pound. The Global Dairy Trade index rose 11.4 percent at the November 1 auction, led by a 19.8 percent jump in whole milk powder.
Strong global and US dairy prices lift milk class values, supporting dairy feed demand and suggesting firmer milk prices ahead.
agproud.comDave NatzkeNov 9, 2016Not 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.
