The bulls were fed the week of August 13. Barrel cheese marched higher, commercial dairy product disappearance looked solid, the U.S. and Mexico appeared to be coming together in their trade spat, and even China’s commerce ministry stated that its commerce vice-minister had been invited by the U.S. to discuss economic and trade issues. And, for the first time ever, the USDA announced that it will purchase $50 million in pasteurized fluid milk.
HighGround Dairy’s Lucas Fuess tells Lee Mielke on Dairy Radio Now – that reports of heat stress in the Western U.S., Europe, Australia, and Japan is a cause for concern, and CME barrel cheese trading above the blocks for the first time since December 19, 2017, bodes well for prices and “we could have a trade deal with Mexico yet this month.” Listen here:
