Conversely, major hamburger ingredient 50% beef trim could average at its lowest level for May...
The cheese markets haven't been held down this month one bit. CME cheese blocks are already averaging 18 (think Peyton) percent above last month. Not to be outdone, cheese barrels are up north of 20 percent. Doesn't help that the domestic milk cow herd has declined near multi-year lows. CME cheese prices are now close to E.U. cheddar which at times has been a signal that a temporary top may be near. The U.S. and E.U. are the largest cheese exporters.
Want to learn how Datum FS can help you anticipate commodity volatility? Learn more by exploring this website or hit the "Email us" button above. Thanks for reading.
