Cash dairy prices were mostly lower at the CME on Thursday. Forty-pound cheese blocks fell $0.06 to $1.62, butter dropped to $1.2325, and nonfat dry milk slipped to $2.05, while dry whey rose slightly to $0.89.
Lower cash cheese, butter and powder prices point to softer dairy commodity values, which can ease feed-buyer costs for dairy-linked feed ingredients such as whey and milk-related products.
Not enough comparable past events yet for a historical read.
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.