Commentary

2014 dairy cow culling slips 200,000 behind last year

Despite high beef prices, the number of U.S. dairy cows culled for slaughter under federal inspection fell further behind last year – no matter how you count it. FULL STORY »

Dairy markets: Today's milk already sold

After opening as much as 30¢ lower yesterday on the heels of a bearish milk production estimate, nearby Class III futures powered back to unchanged ahead of spot, and then turned positive with another round of spot bidding. FULL STORY »

Wednesday's CME Dairy Market Recap

Wednesday’s spot cheese market provided a shot in the arm for front months in cheese and Class III futures, but the deferred months showed some weakness. FULL STORY »

DHM Numbers: September Class I base slightly lower

The September 2014 federal order milk marketing order Class I base milk price is $23.63/cwt., down 24¢ from August 2014, but still $4.47 more than September 2013. FULL STORY »

Cropp: August dairy situation and outlook

Milk production is picking up, as dairy producers add cows and feed for higher production per cow. FULL STORY »

Dairy markets: Milk production jumps

The massive gain in milk production reported by USDA after the close yesterday pushed prices below settlement levels, indicating some weakness likely to start today’s session. FULL STORY »

Tuesday’s CME Dairy Market Recap

Tuesday’s Class III market opened lower, but after seeing higher cheese prices at the GDT auction and a return of buyers to the CME spot cheese market, the trend was reversed. FULL STORY »

July U.S. milk production up 3.9%

Dairy market analysts termed the report bearish vs. market expectations. FULL STORY »

DHM Numbers: CWT export sales announced

Year-to-date, CWT sales are the equivalent of 2.054 billion lbs. of milk on a milkfat basis. FULL STORY »

Dairy markets: Milk production report due today

Despite early indicators to the upside, Class III futures were pressured lower yesterday by spot cheddar block prices. And while barrels managed to hold steady, selling pressure on the Class III market rippled out through the middle of 2015. FULL STORY »

Monday's CME Dairy Market Recap

Buyers in the spot cheese market were silent for the first time in weeks. Cheddar blocks were offered and settle 3.5 cents lower, but there were no markets in cheddar barrels. FULL STORY »

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