Butter, Cheese Prices Tumble
October 17, 2014 | 1 min to read
The cash price for a pound of butter on the Chicago Mercantile Exchange has fallen 54 cents in three days, reversing a trend of skyrocketing prices for dairy products that had gripped the market during late summer.
Butter settled Wednesday at $2.265 a pound on the CME. It hit a record high of $3.06 on Sept. 19.
The cash price for barrel cheddar cheese settled at $2.095 a pound, down from its record high of $2.49 on Sept. 22.
To read the rest of the story, please go to: Journal Sentinel