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Cheese prices showed unexpected strength in November, with the November Class III price possibly near $16.75. Cropp forecasts the Class III average near $14.75 for 2016 and a low-$16 level in December after holiday cheese orders are filled.
Cheese stocks are high overall but fresh block supplies are tight.
Tight fresh block cheddar supply supports near-term milk prices, but expected seasonal weakness after the holidays limits gains into year-end.
feedstuffs.comKrissa Welshans 1Nov 23, 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.
