September 5, 2017
Global Dairy Weekly (week ended Sep 1, 2017)
An eFeedLink Exclusive
By JERRY DRYER and MATT GOULD, DAIRY & FOOD MARKET ANALYST
Block prices continue to erode
Philadelphia, PA–At the CME, blocks ended this week down 11.00 cents, while barrels fell 3.75 cents. The price action caught many in our network by surprise. In the last two weeks, blocks have given up 21.50 cents; barrels, 23.00 cents.
The most bearish news we heard this week was that milk production growth has accelerated in the Midwest.
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