Cheese prices continue to climb
CME-traded block Cheddar closed June Dairy Month at $1.8575 per pound, the highest price since Nov. 23, 2016, up 3 1/4-cents on the week — the sixth week of gain — and 30 1/4-cents above a year ago.
The barrels shot up to $1.79, the highest price since Nov. 9, 2016, up 5 1/4-cents on the week and 40 cents above a year ago.
Twenty-four cars of block traded hands on the week, totaling 71 on the month, up from 67 in May. Thirty-seven cars of barrel sold on the week, totaling 159 on the month, up from 135 in May.