Cheddar led the charge in Thursdays CME spot product trade.
Milk prices came into Wednesday’s session ready to extend its recent run higher. The block and butter markets had other ideas.
Green as far as the eye can see as we look over Tuesday’s trading results.
Markets were up on Thursday with product and milk markets finishing strong.
Let's be part of the solution, not ignore the problem.
Mexican trade discussions began Wednesday and gave some uncertainty to the market as the U.S. discusses tariffs on our largest home for U.S. Cheese.
Event 237 of the Global Dairy Trade took place on Tuesday with the overall index losing 3.4%.
The CME spot product trade drove Class III milk lower on Monday as both Cheddar Barrels and Butter sold off on Monday.
Milk prices will not be immune from the volatility created by weather and news events.