The Block-Barrel Spread Is Widening
https://www.jacoby.com/the-block-barrel-spread-is-widening-and-its-hurting-dairy-farmers/ [www.jacoby.com]
2021-04-18 18:17
The gap in price between a 40-pound block of fresh cheddar and a 500-pound barrel has widened steadily over the last two years. At the end of 2018, the average block-barrel spread hovered around $0.12. That’s well above the $0.07 average spread calculated for 2017 and triple the traditional $0.035 spread.