date:Apr 02, 2014
40-pound block of cheddar reached $2.4325 a pound, the most since data begins in 1997. The Standard Poors GSCI Spot Index of 24 commodities rallied 2.6% in the first quarter, while the MSCI All-Country World Index of equities advanced 0.6%. The Bloomberg Treasury Bond Index gained 1.7%.
Dairy costs tracked by the United Nations are the highest since the data began in 1994, after climbing 9.8% in the three months through February, outpacing the 1.2% gain for all foods.
Undeniable Headwind
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