Although the CME cheese markets have weakened as of late, that has not been the case with butter....
Note the decline in the Datum FS Foodservice Commodity Index during May. For those keeping score, and you know I like to do that because I'm just a touch competitive, this is the first May decline in the index since Kyle Lowry and the Toronto Raptors were on their way to winning their first NBA title in 2019 (perhaps an omen Heat fans?). Further, the index in May is essentially flat with the start of the year which is not normal. But as the chart shows, the index is still historically inflated.
Datum FS has forecasts for over 50 commodities comprising various beef, dairy, grains, pork and chicken markets. If you would like to learn more about a complimentary trial to the forecasts and commentary or about Datum FS services hit the home button above. Thanks for reading.
