Newsletter Articles

Butter prices fall ahead of bearish cold storage report

Class III prices traded light volume, failing to reach the 1k mark in volume yesterday, as just 850 trades occurred and prices were lower across the board from July 2011 all the way out to June 2012. FULL STORY »

Stable spot prices tug on futures

Class III finished mostly higher Tuesday on a quiet, but stable, spot cheese market and perhaps a slight recognition of firmer outside markets. The reality is that we’re beginning the five-week pricing period for July milk, and though the spot cheese price is at historically demand debilitating levels, traders find it difficult to sell into a steeply discounted market. FULL STORY »

Commentary: In praise of factory farming

As he activist attacks on modern livestock production have evolved in the past few years, so have the opportunities for producers to gain ground even with their biggest consumer critics. FULL STORY »

Fencing trailer

Building or repairing fences in remote, rugged pastures has always presented an obstacle for farmers and ranchers. FULL STORY »

Block cheese closes at $2.13 on the CME

Another 1k+ trading session brought with it price increases to the Class III market. With the still substantial price discount in place vs. the spot pricing, futures need to see spot tumble in order for futures declines. FULL STORY »

May milk production a non-event for dairy trade

USDA’s milk production report was released last Friday for the month of May 2011. In our opinion, the report was neutral. Milk production was up 1.5 percent in the top 23 dairy states and 1.3 percent across all 50 states, the second consecutive month increase of less than 2 percent but slightly above our estimate for a 1.0 percent gain. FULL STORY »

World farm groups want trade exemptions

Farm groups from around the globe on Monday demanded further regulation they said is necessary to rein in commodity traders and stop the price volatility that has cut into their incomes. FULL STORY »

Class III recovers losses; CME spot markets stable

To the confusion of many, spot cheese prices continue to hold at current levels and even push higher. The futures have built in a steep discount and an inverted curve already pricing in and guessing when a decline will occur. FULL STORY »

Commentary: Dairying is a privilege, not a right

Finally, someone articulated what I have been thinking for years. Here is what a reader from Vermont had to say following a story we ran about the National Conference on Interstate Milk Shipments failing to adopt a stricter SCC standard in the U.S.: “…It is absolutely stupid that the industry doesn't take advantage of an opportunity to enhance its image and the quality of its product! Does someone think that dairy farming is a "right"? No, it is a privilege and those who want to continue sloppy practices need to get better or get out!” the reader said. FULL STORY »

Class III firms on stable cheese markets

Class III prices firmed modestly during Tuesday’s session as prices reluctantly reconcile with continued stability in the CME spot cheese markets. FULL STORY »

Fuel Up Breakfast Grant program awards $100,000 in grants to schools

General Mills Foodservice has committed $100,000 to help K-12 schools improve or expand their breakfast programs through the National Dairy Council Fuel Up Breakfast Grant program. FULL STORY »

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