
CME block cheddar rose to $1.86 per pound before falling to $1.74 after news that the Farms to Families food box program would end. Blocks recovered to a $1.78 close and barrels closed at $1.69 that week.
Traders were also weighing the Global Dairy Trade auction and the upcoming March milk production report.
Loss of government food box purchases removes a demand support for dairy products, which can pressure cheese and butter prices, though the market recovered much of the drop.
Setelah 93 peristiwa kebijakan netral sebelumnya, Susu (Class III) bergerak median -0,0% selama 5 sesi (48% lebih tinggi; separuh tengah -0,6% sampai +0,6%), dan +0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.