DHM Markets/Marketers: CME, dairy product prices, replacements

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CME Group, Chicago, IL

 

 

Daily Cash Trading on Wednesday, March, 26, 2014

 

CLOSE

CHANGE

 

($/lb.)

(¢/lb.)

CHEESE  BARRELS

2.33

-3.00

CHEESE  40# BLOCKS

2.42

-1.00

NONFAT DRY MILK  GRADE A

2.02

2.25

BUTTER  GRADE AA

1.97

2.00

 

National Dairy Products Sales Report weekly highlights

USDA’s weekly National Dairy Products Sales Report indicated Grade AA butter prices averaged $1.85/lb. for the week ending March 22, up 1.1¢ from the previous week.

U.S. 40-lb. block cheddar cheese averaged $2.27/lb., up 6.1¢ from the previous week. The price for 500-lb. cheddar barrels, adjusted to 38% moisture, averaged $2.28/lb., up 4.6¢.

USDA Extra Grade dry whey averaged 65.5¢/lb., up 0.4¢.

USDA Extra Grade nonfat dry milk averaged $2.09/lb., down 1.0¢ from the previous week.

 

Mammoth Cave Dairy Auction

Dairy replacement sales results from Smiths Grove, Ky., on Mar. 25:

(Holsteins (supreme and approved, unless otherwise noted:

Springers (2-3 years old, 5-8 months bred): $1425-$2050

Short Bred (2-3 years old, 1-4 months bred): $1275-$1400

Fresh cows (2-4 years old): $1500      

Open Heifers:

200-300 lbs.: $375-$425

300-400 lbs.: $410-$500

400-500 lbs.: $375-$685              

500-600 lbs.: $585-$785

600-700 lbs.: $725-$810          

Holstein heifers calves (small): $80-$115 per head

(Medium and large): $140-$195 per head

 

Sulphur Springs Dairy Action

Dairy replacement sales results from Sulphur Spring, Texas, on March 20:

Fresh cows: $1750-$2500

Holstein Springers: $1700-$2450

Breeding age heifers: $800-$1050

Small heifers: $400-$790

Heifer calves: $130-$480

 

Weekly ethanol production, corn use

Ethanol production data for the week ending March 21:

Ethanol production: 37.2 million gallons/day

Corn used: 13.42 million bushels/day

DIstillers grains production: 88,053 metric tons/day

Source: Renewable Fuels Association

 

Mark & Bob: Markets roaring

It’s still may be cold in the Upper Midwest, but dairy markets are anything but chilly, according to Mark Stephenson, Director of Dairy Policy Analysis at the University of Wisconsin-Madison, and Bob Cropp, dairy economics professor emeritus. Although decline is inevitable, most of the market indicators point to strong product and milk prices throughout the year. View their monthly podcast here: http://dairy.wisc.edu/PubPod/Podcast/Outlook/Index.html

 



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