An explanation for Tuesday’s CME cheese price drop

An explanation for Tuesday’s CME cheese price drop

Tuesday was
a down day on the dairy markets, with butter being the only product with a price
increase, and that was just a penny.  The
most noticeable change was in the cheese market, where Blocks closed down
$.0225 at $1.9475 a pound, and barrels took a bigger fall of $.1325 to close at
the same $1.9475 a pound price. 

John Umhoefer with the Wisconsin Cheese Makers Association tells Brownfield this move makes sense.

Continue reading An explanation for Tuesday’s CME cheese price drop at Brownfield Ag News.