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August milk prices show significant increases - Part two
date:Sep 07, 2012
prices track very closely. Chart six (right) shows the tight correlation between CME and NASS butter prices.

At the end of August, CME prices for cheese blocks were $1.82/lb and cheese barrels were $1.78/lb. Both were very close to the August NASS prices of $1.77/lb which is used in the milk protein pricing calculation.

However, butter prices on the CME on the last day of August were $1.84.lb, well above the average NASS prices for August of $1.69.

In the immediate future, it seems fairly

12/22 05:59