A dairy market analyst says volatile cheese prices have been the main driver for future markets recently.
Sarina Sharp with the Daily Dairy Report tells Brownfield, “January prices got very, very low and then they shot higher.”
“That’s because they got low enough that we attracted a lot of new importers to look at U.S. cheese rather than cheese out of Europe,” she explains.
She says lower cheese inventories following that wave of purchases, combined with lower milk production in the U.S. and Europe, is helping to keep a floor on prices.
February 21, 2024
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