December 12, 2017
Global Dairy Weekly (week ended Dec 8, 2017)
An eFeedLink Exclusive
By JERRY DRYER and MATT GOULD, DAIRY & FOOD MARKET ANALYST
Block-Barrel spread inverted. For how long?
Philadelphia, PA–Barrels settled above blocks for the second consecutive week and for the 15th day in the last 30. The market closed today with barrels at a 19.50-cent premium to blocks. This is a far cry from the long-term average. Historically, barrels have traded at a 3.5-cent discount. What's going on?
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