O'Brien County's Bell-Times-Courier -

New Records in the Dairy Industry; But What is Ahead?

 

September 24, 2020



by Fred Hall, Dairy Program Specialist

As I pen this article, CME spot Cheddar block prices rocketed up 22.75? today, by far the largest daily advance on record. Blocks have rallied by more than $1/lb. from their mid-August low, recouping nearly 75 percent of the ground lost when block prices plummeted from their all-time high of $3/lb.

Spot butter is up 6.75?, on Tuesday traders swabbed 46 loads of butter at the CME spot market, the highest count for a single session since 2004. Spot butter prices climbed 11.75? from last Friday, pushing out of the narrow trading range that had prevailed...



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