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CME cash dairy prices were mixed on Tuesday, November 10. Cheese blocks rose 5.25 cents to $1.6250 per pound, while dry whey and nonfat dry milk fell; barrels were unchanged and butter edged higher.
The mixed moves offer no clear signal of a broad change in dairy supply or demand. Lower whey and nonfat dry milk prices are bearish for those products, while the block-cheese gain is supportive for cheese prices.
Not enough comparable past events yet for a historical read.
Not 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.