April 2, 2018
Global Dairy Weekly (week ended Mar 30, 2018)
By JERRY DRYER and MATT GOULD, DAIRY & FOOD MARKET ANALYST
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How long will dairy markets remain range-bound?
Philadelphia, PA - Cheese prices moved lower at the CME during this shortened trading week. Blocks gave up 1.50 cents while barrels lost 7.0 cents. For the second consecutive week, "range bound" was the most common phrase in our conversations. We hear domestic demand is firm, but this week we also heard cheese export sales were a tad slower compared to previous weeks.
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