Butter Climbs to a Record High, Possibly Due to an Overcorrection

The following is from Lee Mielke, author of a dairy market column known as “Mielke Market Weekly.” Butter set a new record high to start October and cheese was mixed. The CME Cheddar blocks fell to $1.68 per pound last Wednesday, lowest since July 19, but closed last Friday at $1.7025, 1.75 cents lower on […]