The wholesale commodity prices of Cheddar cheese, butter, dry whey, and nonfat dry milk (NDM) control producer prices. There is constant news on every price move for these commodities, including future movements and the weekly and monthly posts of the Agriculture Marketing Service (AMS). Weekly and monthly movements can be very volatile. Short-term and long-term trends of actual prices can provide a more accurate estimate of future pricing movements.
This post will review the trends in these commodities based on the AMS weekly price changes over 52-week moving averages. By using the moving 52-week averages, individual changes and seasonal fluctuations are minimized. It clarifies where prices are going based on where they are coming from.
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