Saturday, October 30, 2010
Rhyme nor Reason
(click on image to enlarge)
Prices have been falling on the CME for Cheddar. What does that mean? You will find plenty of people who point to the cheese stocks.
When Cheddar falls on the CME, farm milk prices fall. So, you would think there would be a consistent relationship between manufacturing milk price and American cheese stocks, which are predominately Cheddar. Think again.